Mogo (MOGO) Stock Rockets On Apple, Goolge, and Samsung Pay News

Mogo Inc MOGO Stock News

Mogo Inc (NASDAQ: MOGO) is making a run for the top in the market this morning, and for good reaosn. The company announced that its digital spending account now supports Apple Pay, Google Pay, and Samsung Pay. Here’s what’s going on:

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MOGO Stock Rockets On Apple Pay, Google Pay, and Samsung Pay Support

Mogo is a leading financial technology company in Canada, and has been making big waves as of late with the launch of its MogoSpend digital spending account. Those waves have become more tidal this morning after the company announced that MogoSpend now supports Apple Pay, Google Pay, and Samsung Pay.

With the MogoSpend account supporting these three big digital wallets, users will have even more options to move forward with cashless, contactless paying musing their smartphone and other devices. At the same time, the consumer will continue to benefit from the perks and security offered by the MogoSpend account.

The MogoSpend account isn’t just about digital payments, it also hits the nail on the head when it comes to creating a cleaner, more sustainable environment. When consumers use the MogoSpend Platinum Visa card, Mogo offsets one pound of CO2 for every dollar spent. So, not only are users improving their financial health, their helping to improve the health of the global environment.

In a statement, David Feller, President and CEO at MOGO, had the following to offer:

The COVID-19 crisis has quickly accelerated the adoption of digital payment options and mobile wallets to address the demand for contactless payment. According to one recent study1, retailers in the U.S. reported a 69% increase in contactless transactions since January 2020 – and we see no signs of that abating. MogoSpend is already a unique product in the Canadian market, and the addition of Apple Pay, Google Pay and Samsung Pay further enhances the value for our users, giving them more ways to make contactless purchases using MogoSpend while they continue to focus on reducing their consumption, spending more sustainably, and offsetting their carbon footprint.

This News Is Huge

I’ve talked about Mogo for some time now. The company essentially paved the way for digital wallets in Canada, and has become the biggest player in the space. With today’s news that the MogoSpend account now supports Apple Pay, Google Pay, and Samsung Pay, the company is only solidfying its leadership position. All in all, MOGO stock is one to watch closely.

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