Page 2 - Google Pay

China may impose similar regulations for WeChat as India's UPI rules

Google Pay, PhonePe, and Paytm controls over 90 per cent of UPI transaction volume and value in India

Google Wallet partners with Pine Labs to help manage gift cards within app

This partnership comes nearly three weeks after Google announced the launch of its digital wallet application in India

Tech wrap May 23: POCO F6, Nvidia chips, Kia EV3's AI assistant, and more

Nvidia plans new AI chips every year. The POCO F6 has been launched in India. Kia has introduced the EV3, featuring a new AI assistant powered by OpenAI's ChatGPT

Google Pay gets three new features including buy now and pay later: Details

Google said the new features on its payment platform, Google Pay, will enhance users online shopping experience and can be utilised at the checkout

NPCI to delay payments market cap by two years, helping PhonePe, Google Pay

NPCI, which has a regulatory mandate from the central bank, announced the 30% cap in 2020 but later extended the deadline by two years to the end of 2024

NPCI may defer market cap deadline for UPI payment platforms by 2 years

Eight months left for the implementation deadline, the National Payments Corporation of India (NCPI) may be favouring growth over concerns about market domination

Google Wallet now available in India: How is it different from Google Pay?

Unlike the Google Pay, which is a payments platform, Google Wallet offers options to save digital documents, gift cards, tickets, and boarding passes for quick access

NPCI likely to extend UPI market cap deadline for payment platforms

Paytm's UPI market share plummets; Google Pay and PhonePe continue to dominate digital payments in India

Google introduces private digital wallet for Android users in India

Google has introduced a private digital wallet for Android users in India, allowing users to securely store cards, tickets, passes, keys and IDs, an official said on Wednesday. Google Wallet can be downloaded from Play Store and would allow users to store their debit cards, credit cards, loyalty cards, and gift cards among other things. It is different from Google Pay app which helps manage money and finances. "Google Pay is not going anywhere. It will remain our primary payments app. Google Wallet is specifically tailored for non-payment use cases," said Ram Papatla, GM & India Engineering Lead, Android at Google.

BHIM to challenge Google Pay, PhonePe e-commerce dominance through ONDC

BHIM will expand its presence in e-commerce by offering a diverse range of products and services, including food and beverages, groceries, fashion, and apparel to its user base

Industry keenly awaiting implementation of 30% UPI market share cap by NPCI

With extended deadline for 30 per cent UPI market ceiling by NPCI approaching, industry players are keenly awaiting the implementation and measures to achieve the cap from January 1. The National Payments Corporation of India (NPCI) in December 2022 extended the deadline for third-party UPI players to meet its 30 per cent volume cap in digital payment transactions by two years to end December 2024. Presently, third-party app providers (TPAP) like Google Pay and Walmart's PhonePe have a majority 85 per cent share in UPI-based transactions. NPCI runs the Unified Payments Interface (UPI) used for real-time payments between peers or at merchants' end while making purchases. According to sources, NPCI would spell out ways to implement the 30 per cent UPI market ceiling in a bid to minimise concentration risk. One option would be to stop on-boarding of new customers for those who have higher than 30 per cent market shares in UPI transaction, sources said, adding it can be done in a phase

PhonePe, Google Pay creating a duopoly in India's UPI space? NPCI to check

Google Pay and PhonePe, together account for 86% of UPI transactions by volume in India and are also expanding to offer UPI services abroad

Amazon Pay to ramp up Smart Stores service partnership to 150 brands

The company has launched 18,000 Smart Stores in India since its inception in 2019

Google, Walmart gain fintech users from India as Paytm faces restrictions

Paytm's decline suggests consumers are moving usage to alternative services even before any disruption to its systems

Google blocks RCS messaging on rooted Androids to prevent spam on platform

Google said that the step has been taken as a large volume of RCS spam comes from automation, which typically relies on modifications to the sending device

Google Pay SoundPod: Here is everything about Paytm Soundbox alternative

Google Pay SoundPod is an audio device that helps merchants track QR code payments with audio alerts when a payment is received

Competitors Google Pay, PhonePe and BHIM go all out for Paytm user base

Players such as Google Pay, PhonePe, and even banks like HDFC and State Bank of India (SBI) are said to be deploying several thousand 'feet on the street' or salesforce to attract merchants

PhonePe adds former revenue secretary, 2 Walmart executives to its board

The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues

Highlights of the day: Delhi airport sees 13 flight diversions on Feb 1

From the delay in train, flight services to the updates about the interim budget 2024, catch all latest news here

Google Pay signs pact with NPCI to expand UPI payments outside India

Google India Digital Services and NPCI International Payments Ltd (NIPL) have signed an agreement that will help expand UPI payments to countries outside India. The memorandum of understanding (MoU) will enable Indian travellers to make payments in other countries via Google Pay (also known as GPay), eliminating the need to carry cash or resort to international payment gateways. "The MoU has three key objectives. First, it seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad. Second, the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions. Lastly, it focuses on easing the process of remittances between countries by utilizing the UPI infrastructure, thereby simplifying cross-border financial exchanges," Google Pay said in a statement. The deal focuses on easing the process of remittances between countries by utilising