wordpress blog stats
Connect with us

Hi, what are you looking for?

Google Pay will soon support card payments in India: Report

Google Pay will soon let users in India make payments with their credit and debit cards, the Economic Times reports. The app currents supports payments through the Unified Payments Interface (UPI) in India, for which users must link their banks accounts with it. According to the ET report, Google will introduce a single software development kit (SDK) for merchants and developers in India to allow users to transact over multiple platforms – including debit and credit cards – using Google Pay. Google has already launched the SDK for Paypal transactions in the US and Germany. Google Pay’s rivals in India, Paytm and Flipkart-owned PhonePe, already allow users to link their debit and credit cards to their apps. However, as a reader pointed out to MediaNama, users can open a Google Pay account only if they have a Gmail address.

The development coincides with Google’s announcement that it will soon let users in certain countries buy items on the Play Store using cash, and users in India do so through UPI. In India, the Play Store currently accepts credit and debit cards, netbanking, carrier billing, Google Play balance and gift cards, including offline vouchers, as payment methods.

Google Pay has grown quickly in India since it was launched as Google Tez in September 2017. In early April ET reported that Google Pay had taken the pole position on the UPI platform in terms of value of transactions it had processed in March. It said Google Pay clocked transactions worth Rs 43,000 crore to Rs 45,000 crore that month, while PhonePe and Paytm recorded Rs 31,000 crore to Rs 32,000 crore each. Paytm continued to lead in terms of the number of transactions, but its lead was narrow.

Petition against Google Pay in Delhi High Court

Last month the Delhi High Court asked the Reserve Bank of India how Google Pay was operating in India without its approval. The court was hearing a petition that claimed Google Pay had violated the Payments and Settlements Act as it did not figure in the RBI’s list of authorised payment system operators released on March 29. The petition also raised privacy concerns, claiming that Google Pay “has un-monitored and unauthorised access” to personal information such as Aadhaar and PAN numbers, and details of people’s financial transactions. The court issued notices to the RBI and Google India and said it would next hear the case on April 29. In response to the High Court notice, a Google spokesperson said Google Pay “operates as a technology service provider to its partner banks, to allow for payments through the UPI infrastructure, and is not part of payment processing or settlement”, the Economic Times reported.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ