Page 4 - Payments App
Google eyes wider user base, more revenue streams from Google Pay platform
Kolkata, 26 NovemberWith an eye to grow its customer base in the country and increase the volume of annual transactions, Google might further monetise services on its payments platform, Google Pay."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 fee involved," said Sharath Bulusu, director of product management at Google Pay.He did not specify the sectors or services the global information technology giant is now eyeing to open new revenue streams. Asked if it will be on new services or existing ones, he said, "At this point, I really can't say...We are watching and observing this space."As part of its near-term strategy in India, Bulusu said the focus is to further the customer base and promote UPI (Unified Payments Interface) transactions. It is also in talks with financial ...
 "Google eyes wider user base, more revenue streams from Google Pay platform")
How PhonePe is inching towards becoming market leader in the payments space
The Walmart-backed payments firm's market share stands at 33.4%, behind market leader Paytm's 42%; but its app was used in 53% of smartphones in the domestic market, compared to Paytm's 51.3%
 "How PhonePe is inching towards becoming market leader in the payments space")
Consumers using third-party payment apps much more than bank: Survey
The survey found that consumers in China, India and Latin America are more open to banking with technology firms than others, while millennial in almost every country are open to this
 "Consumers using third-party payment apps much more than bank: Survey")
