Banks to start replacing plastic cards with virtual cards

Published: 27.11.2019 Related countries:  U.S.A. U.S.A.

Banks to start replacing plastic cards with virtual cards

Banks will begin to replace plastic credit cards with virtual ones. Hospodářské noviny writes the virtual card may be downloaded to applications like Google Pay and Apple Pay without having to have a physical credit card. According to a survey by the Czech Banking Association, in 2019 the share of customers using mobile or watches as a means of payment increased to 18% from 8% in 2018. Česká spořitelna was the first to confirm the introduction of virtual cards, according to HN.

Source: www.cianews

Prepared by the team of foreign office CzechTrade Chicago