To tap into the Indian digital payment space, Google on Tuesday rolled out its new payment app, dubbed as Google Pay. Yes, the Google Tez is now rebranded as the Google Pay, which will payment service the better scope, take the product global and import numerous global features in India. As of now, the company has partnered with four banks HDFC Bank, Kotak Mahindra Bank, ICICI Bank and Federal Bank and is also actively in talks with different banking partners for the same.
In addition to this, this payment service will enable seamless loan disbursement. If user has pre-approved loans from a bank that Google Pay has partnered with, they can use the app to mention the amount they want to borrow and the input time period it will take to repay. At last, the amount will be credited to the user’s account.
Not only this, Google has lots of plan regarding this service. Yes, they are going to expand this operation to merely 15, 000 physical stores such as BigBazaar, Kirana stores and more by this Diwali.