• Google has also partnered with four Indian banks in order to offer instant, pre-approved loans to customers.
• It has added new features such as an increased number of places for payments to the Google Pay to ensure a seamless experience for users.
• As a part of the rebranding, Google Pay will enable UPI-based payments on Play Store as well.
Google earlier this week rebranded its digital payment platform Tez as Google Pay. The company also expanded the reach of Google Pay with more third-party apps and services accepting Google’s payment solution. Google also announced partnership with financial institutions such as HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to facilitate pre-approved loans to customers.
Google Pay is expanding its operations to physical stores such as BigBazaar and smaller merchants such as kirana stores. Google Pay will be available in 15,000 big brand shops by Diwali. Sengupta said to bring smaller merchants, they will be run a pilot in Bengaluru and Delhi to understand what which features will work for them better before expanding it in phases in India.