Google eyes wider user base, more revenue streams from Google Pay platform

Personal loans, gold investment services already entail a charge; firm is in talks with financial institutions to expand scope of token payments

Aiming to grow its customer base in the country and increase the volume of annual transactions, Google seeks to further monetise services on its payments platform Google Pay.

It is already charging a fee for services related to personal loans and gold investments, and has a revenue generation model in place for travel and recharge services.

“In case of recharges and travel, there is already an established commercial model in place; but we don’t charge the consumers or the merchant as of today; it works on other parameters. For the personal loans and gold investment services, there is a certain