A large share of online consumers in Canada shop from Android devices and the Chrome browser, and Google Pay is a payment method that tokenizes and stores card information in that environment for one-click retrieval. Compared with entering card details directly, this shortens the checkout flow, and because a token is sent instead of the actual card number, it lowers the risk of fraudulent transactions alongside online authentication such as 3-D Secure.

For merchants with a meaningful share of Android user traffic, it is common to adopt this alongside Canada Apple Pay to cover both sides of the device ecosystem. The higher the share of guest checkout without account registration on your store, the greater the benefit of retrieving a saved card.

When a consumer taps the Google Pay button at checkout, the list of tokenized cards saved to their account is displayed, and approval is completed simply by selecting and confirming one. It works the same way online whether on the web (Chrome) or in an Android app, and the approved CAD proceeds are received by Hecto Financial, converted, and settled with the merchant in whichever of USD, KRW, or JPY was agreed in the contract.

Integrating through Hecto Financial lets a Korean company explore adopting Google Pay payments without a separate contract with a local Canadian entity. Detailed conditions vary depending on the applicable channel mix, such as web and in-app, and how it integrates with your existing card payment setup, so fees and the settlement cycle should be discussed and confirmed with Hecto Financial's sales team before signing a contract.

• Business registration country

  Confirm contract eligibility as a Korean business

• Sales channel

  The integration approach and priority differ depending on your mix of online sales channels, such as your own store, open marketplaces, or a mobile app

• Product categories handled

  Confirm in advance whether your category falls under Google Pay's restricted merchant policies

• Local regulatory compliance

  Confirm compliance with Canada's payment and foreign exchange regulations (see the official sources below)

It is easy to assume the settlement currency is CAD, but in practice, Hecto Financial receives and converts the CAD proceeds, then pays the merchant in whichever of USD, KRW, or JPY was selected in the contract. Refunds are returned to the consumer's card based on the original transaction's token, and fees, the settlement cycle, and the exchange rate basis are all fixed at the contract stage.

• Bank of Canada / Payments CanadaOfficial information on Canada's payment systems and clearing rules. If this page's content differs from the actual regulations, the official source takes precedence.