The Google Pay app itself is not available in the Netherlands and therefore only customers of the banks Bunq, N26 and Revolut can use the service within the banking apps. “We hope that it will soon become possible for more Dutch people to use Google Pay,” said a Google spokeswoman.
Google Pay can be used in all shops that accept payments with Mastercard and Visa. Adding a credit card to Google Pay is done via the ‘Add to Google Pay’ option within the apps of the three banks. “As soon as the registration process is complete, you can checkout directly in stores,” said Google. Users can also pay in online stores that accept Google Pay.
According to the company, the corona pandemic has significantly increased the need for digital and contactless payments. “41 percent of all people who normally settle with cash tried a contactless card during the pandemic and 35 percent of all cardholders added a card to their digital wallets.”
Apple Pay
Google Pay started in the United States in 2015 and is available in many other countries, including much of Europe.
Apple’s comparable service on iPhones and Apple Watches, Apple Pay, has been available in the Netherlands for over a year. Most Dutch banks now support Apple Pay.
Samsung’s payment service Samsung Pay is not yet available in the Netherlands.
Dominant position of tech giants
Earlier this month, the Netherlands Authority for the Financial Markets (AFM) announced that it is concerned about the dominant position of large tech companies such as Google and Apple. The companies are increasingly present in the European financial sector, which makes it more difficult to maintain proper supervision. In the Netherlands, the large tech companies limit their financial interference to payments for the time being.
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