Breaking News
Fibank customers can now use Google Pay with their Visa cards
Fibank (First Investment Bank) now provides its customers with the opportunity to digitize their Visa debit or credit cards using the Google Pay service. With this fast and secure method of payment, they can make contactless payments at points of sale (POS) in physical stores, make in-app purchases using Android apps, or card payments at online merchants.
Google Pay is one of the most popular payment systems in the world. The service is available for Android devices and desktop computers and can be used in many browsers. Adding a card to Google Pay only takes a few minutes. Mobile devices must be running Android version Lollipop 5.0 or higher and have Google Play Services; for making contactless payments in retail outlets they also need to be NFC-enabled. Paying is as simple as unlocking your NFC-enabled smartphone and holding it up to POS contactless reader. The service is available wherever the Google Pay symbol or contactless payment symbol is displayed.
Fibank’s Google Pay service is using Visa’s tokenisation technology. This technology replaces sensitive payment account information found on payment cards, such as the 16-digit account number, expiration date and security code, with a unique digital identifier “token” that can be used to process payments without exposing actual account details.
The partnership between Fibank and Google using Visa’s technology for tokenisation is a logical continuation of the emerging trend for digitization of banking products, services and means of payment. A month ago, the bank in cooperation with Visa is launched an innovative project for contactless payments with Fitbit smart watches.
Companies In This Post
- Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable Read more
- Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era Read more
- The Finalists Announced for the 2025 FF Awards Read more
- How the New Generation of Digital Wallets Will Upend Fintech Read more
- EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’ Read more
Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade. Moody’s affirmed this rating with a stable outlook and affirmed AFC’s short-term issuer rating at P-2, underscoring the Corporation’s status as one of the highest-rated investment-grade institutions in Africa.
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.
OpenPayd Appoints Yasemin Swanson as Chief Operations Officer
OpenPayd, a leading provider of financial infrastructure, today announced the appointment of Yasemin Swanson as its Chief Operations Officer. Swanson joins from ClearBank, where she was Chief Business Officer.
TerraPay Becomes One of the First Global Payment Leaders To Adopt Stablecoin-Native Flows, Powered by Fipto
TerraPay, a global money movement company, today announced the launch of stablecoin-native flows in partnership with Fipto, the regulated infrastructure layer powering secure, compliant blockchain-based treasury operations.
OpenDialog and Durell Announce Strategic Partnership to Bring AI-Powered Quote Journeys to Insurance E-trade
OpenDialog, the AI Agent platform built to transform customer journeys in insurance, today announced a strategic partnership with Durell, an established provider in the insurance software market.
Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade. Moody’s affirmed this rating with a stable outlook and affirmed AFC’s short-term issuer rating at P-2, underscoring the Corporation’s status as one of the highest-rated investment-grade institutions in Africa.
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
How the New Generation of Digital Wallets Will Upend Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Vennre Builds Wealth Tech Platform
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.