Western Union is the top company in transferring money from abroad and is number one in this work. Google has now partnered with Western Union and Wise to digitize this work. (Money transfer will now be possible to send money from US to India through Google Pay)
Money can now be sent to India from the US through Google Pay
New Delhi: Money transfer app Google Pay has given its customers a great gift. Now a person sitting in the US will be able to easily transfer money to his family or friends in India. Along with India, people in Singapore will also get this facility. The money will be transferred through Wise and Western Union companies. According to Google Pay, the service will be rolled out in 80 countries by Wise in the next few months and in 200 countries by Western Union. The international money transfer facility will be launched in these countries by the end of this year. If you look at the global market for money transfers, Google accounts for वा 470 billion. Western Union is the top company in transferring money from abroad and is number one in this work. Google has now partnered with Western Union and Wise to digitize this work. This partnership will facilitate the transfer of money internationally. (Money transfer will now be possible to send money from US to India through Google Pay)
How many users will benefit from this
According to a Reuters report, Google Pay has 150 million users in 40 countries worldwide. Online money transfers have increased during the Corona outbreak, and companies like Google Pay are taking advantage of this. However, if you look at the statistics of the last two years due to Corona, the revenue has decreased and the amount of remittances has decreased. Migrants from all over the world are seeing a 14% drop in remittances. This has happened due to the turmoil in the economic situation as employment has declined, jobs have also gone.
There are many companies in the market
The American company Google Pay redesigned its app in November last year and it includes many banks. Under this, a partnership has been established with Western Union and Wise Company. Companies like ANT Group, Samsung Electronics Company, Apple IAC and PayPal Holdings are also involved in money transfer business. Now Google Pay is entering the international market, so there will be strong competition among all the companies.
What did Google say?
People in the US will be able to send money to India by the end of this year, Google Play has said. Such people can support the Western Union network. The bank has billions of accounts and millions of wallets in 125 countries. The Google Pay app will allow you to transfer money in just a few clicks. Western Union has about 5 lakh retail locations in 200 countries around the world, from where money transfer takes place. Western Union is a cross country and cross currency payment transfer platform. Google Pay allows people to transfer money securely and quickly.
How to transfer money?
– If you don’t update after the new app redesign, download the latest version of Google Pay from the Play Store.
– Now make the settings of the app. Set up bank account details by following the instructions given by Google.
– The Google Pay app will have a pay button, where you will have the option to choose Western Union or Wise.
– You will be notified on the app, which should be followed and the payment process should be completed. It asks for debit or credit card information. (Money transfer will now be possible to send money from US to India through Google Pay)
– TV9 Marathi (@ TV9Marathi) May 11, 2021
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