Fee on money transfers for US, doesn’t apply to India: Google Pay

Google on Wednesday clarified that users in India will not have to pay any fees for transferring funds to its payment platform, and the charges are for users in the US.

Last week, Google announced that it was rolling out a redesigned Google Pay app with Google on Android and iOS next year, and that users would no longer be able to use the service on a web browser.

Reports said that Google Pay would also add fees on instant money transfers.

A Google spokesperson said, “These fees and charges are specific to the United States and apply to Google Pay or Google Pay for business apps in India.”

As of September 2019, Google Pay had 67 million users in India with a total payment value of US $ 110 billion on an annual basis.

Google Pay for Business announced more than 3 million merchants in June 2020. It supports UPI and token debit and credit cards as forms of payment in India.

Google Pay competes with players such as Paytm, Walmart-owned PhonePe and Amazon Pay in India.

(Only the headline and picture of this report have been reworked by Business Standard employees; the rest of the content is auto-generated from a syndicated feed.)

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