NEW DELHI: Google On Wednesday, it clarified that users in India will not have to pay any fees for money transfers on its payment platform, and that the charges are for users in the US.
Last week, Google announced that it will launch a redesigned Google Pay app next year on Android and iOS, starting with the US, and that users will not be able to use the service in a web browser.
Reports had said that Google Pay will also add a fee to instant money transfers.
“These charges and fees are US specific and apply to Google Pay or Google Pay for Business applications in India,” said a Google spokesperson.
Google Pay had 67 million users in India with a total payment value of $ 110 billion on an annualized basis, as of September 2019.
Google Pay for Business had announced more than 3 million merchants in June 2020. UPI and tokenized credit and debit cards as forms of payment in India.
Google Pay competes with players like Walmart-owned Paytm PhonePe and Amazon Pay in India.
.
