Google announced at I/O 2019 that it will soon let users buy items on its Play Store using cash, NDTV reported. Cash payments on the Play Store are already live in Japan and Mexico, and will be rolled out in other countries soon. Google also said that users in India will soon be able to make Play Store purchases through the Unified Payments Interface (UPI), an instant payment system developed by the National Payments Corporation of India. 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. How Play Store will handle cash payments Google said it will enable cash transactions on the Play Store through a new payment method called 'pending transactions'. Instead of a ‘Pay Now’ button, it will present a code which the user can take to the nearest Google-authorised store and pay using cash - or any payment method of their choice. Google said the user should have access to the new purchase within 10 minutes, though in some cases it could take up to 48 hours, and refunds will be in the form of Google Play credit, per Droid Life. The feature will cater to users who don’t have access to other forms of payments - such as credit or a debit card - or even a bank account, and to those who are hesitant to give their banking details online. UPI option 'coming soon' Google didn't specify when it would…
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This should facilitate quicker settlement of funds for merchants and also boost user confidence in digital payments, RBI Governor said.
While Chandrasekhar said the advisory doesn't include startups, the advisory itself does not make any such classification based on platform sizes.
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