Alpha Bank: Accepts payments via smartwatch.

The most modern way smartwatch payments, garmin pay, has the first h Alpha Bank to the Greek consumer public.

Η A new payment innovation is being developed in collaboration with Visa and Garmin and follows my Alpha Wallet, the first e-wallet for mobile payments introduced by Alpha Bank about two years ago, with great success. in the Greek market.

As noted in its announcement Alpha Bank, garmin pay is the most advanced payment method as it enables Alpha Bank debit and credit card holders to make easy and secure, contactless payments at contactless POS terminals, simply by wearing a "smart" Garmin watch.

In its initial operation it is only available for Visa cards, while it will soon be offered for all Bank cards. The application was presented for the first time in the Greek market on the occasion of Spetsathlon, which is an annual event-station for the Greek triathlon, and took place in Spetses from Friday 10 to Sunday 12 May 2019.

Mr. Grigorios Politis, Director of the Cards and Individual Financing Division of Alpha Bank, in his statements on this occasion pointed out that Alpha Bank reaffirms its commitment to the creation of innovative and innovative products, offering consumers a unique, for the Greek data, a product in their field contactless payments.

For the first time in Greece, the new technology of the International Card Organizations (Tokenization Services) is applied, which allows the real number of the card not to be stored, significantly increasing the security but also the ease in the management and realization of the transactions. "Our goal is to soon adopt these new capabilities in other state-of-the-art technology products and services," he added.

Ms. Andriana Pappas, acting general manager of Visa for Greece, Cyprus and Bulgaria, stated:

«We are proud to be one step ahead, together with Alpha Bank, in our commitment to payments as simple as possible for consumers, and to ensure that any connected device used for payments is secure. The introduction of contactless payments through smartwatches in the Greek market is a significant turning point in our long-term cooperation with Alpha Bank.

Visa cardholders in Greece have adopted contactless payments in recent years due to their undeniable advantages: speed, convenience and security. Wearables have all these advantages, and in addition, they enhance them: they are in constant contact with the user and integrated in his movements, so the payment experience is seamless and secure».

Ms. Nancy Zampeli, marketing & corporate communication director of Garmin, said: "Garmin has gained a reputation in the field of wearables for its quality and innovation. With its contactless payment method, Garmin Pay innovates once again, providing Garmin compatible smartwatch users with the ability to pay without having to carry their wallet or mobile phone with them. It is our pleasure and honor that Alpha Bank and Visa are our partners in this new venture»

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