Santo Domingo.- Apple’s payment function, called Apple Pay, has been introduced in the Dominican Republic.
With the launch of this new electronic payments modality in the nation, the financial expert Juan Carlos Guilbe provided details about its operation, how it should be used and the process to add cards.
Some banking institutions in the country already support this technology for credit and debit cards, encouraging users to add them to their devices via Wallet.
Read also: Apple Pay lands in DR! How it will change your transactions
Regarding the security offered by the payment platform, the specialist mentioned in Esto No es Radio that it has a single‑use chip system that is constantly refreshed, thus reducing fraud risk.
He also said that Google has its own Wallet, which not only serves to add cards but also allows storing passports, boarding passes, Disney tickets, among other technological benefits.
It is important to highlight that Apple does not charge for using the service and, according to Juan Carlos Guilbe detailed, the benefits for banks include reduced costs for card printing and a decrease in banking fraud, known as Phishing.
According to Guilbe, with this technology, scammers or cybercriminals, often called «chiperos», will have to look for new ways to act, as this technology promises to eradicate these illicit practices.
image credits for this post: Deultimominuto.net
