As a part of the company’s Google for India 2021 vision, customers are also getting a pilot Google Assistant-enabled, end-to-end vaccine booking flow in India.
South Korea bans Apple and Google monopolies, makes it illegal for tech giants to force app developers to use its payment systems
The two tech giants dominate the online app market in South Korea, the world's 12th largest economy known for its technological prowess.
Card tokenisation feature allows users to make payments by a secure digital token attached to their phones.
This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.
With this, the site's other functions such as managing payment methods will reportedly not be affected.
Some Apple iOS users might experience persistent payment failures on their transactions in the near future.
Google has partnered with Visa and other banking partners to bring this feature. It is available for Axis and SBI Cardholders.
The service seems to be currently avaialble only on Axis Bank credit/debit and SBI credit cards for a set group of users in India, reports said
The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.
Google may also come up with a debit card for Google Pay, just like the one that Google Wallet had years ago.
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters
Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report
Digital transactions are estimated to have grown by 338 percent from 2018 to 2019, according to the Razorpay report
In this smartphone era, apps have helped make video calls, GIFs, emojis and audio messaging preferred modes of communication.
Flipkart fintech isn’t focussed on individual payments or UPI. It’s an affordability construct both for customers and sellers.
Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs
A top banker told Tech2, UPI is being pushed to go global and now if it manages to draw the attention of the US Federal Reserve it will be big fillip for NPCI.
Google currently lets its users purchase and sell 99.99 percent 24-karat gold through the app.
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.
This Google project, named Cache, follows moves by Apple and Facebook into the financial industry this year.
PhonePe FY19 losses surge to Rs 1,905 cr amid battle against rivals Paytm, Google Pay; revenue jumps 331%
Flipkart-owned PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from the previous fiscal, as it continues to battle against rivals like Paytm, Google Pay and Amazon Pay
Google Pay gets new face and fingerprint authentication for transactions but only for Android 10 users
The feature is currently live on Google Pay's latest app version which is v2.100.