Google's spokesperson clarified that Google Wallet is initially offering a passes-only experience, allowing users to conveniently store and access boarding passes, event tickets, and loyalty cards in their digital wallet.
The announcement comes on the heels of the official launch of Apple Pay, and the Central Bank of Egypt’s (CBE) introduction of payment card tokenization on mobile applications.
Mobile/e-wallets in Egypt have been increasing in popularity, accelerated by several initiatives from the Central Bank of Egypt (CBE), with the number of mobile wallets climbing to 39.4 million in 2023
Real-time payments account for only 1.4% of Egypt’s overall payments by volume, but that is expected to change rapidly, writes ACI
InstaPay is expected to roll out the remittance services in the first half of 2024
