Google will no longer allow peer-to-peer payment functionality on its web app from January. It has also been reported that Google will start charging an instant money transfer fee. However, according to the latest developments, it has been reported that the transfer is only applicable in the US market and would have no impact on users in India.
Google will charge a 1.5% or $ 0.31 fee (whichever is higher) when you transfer money with a debit card. However, this is not for Indian users. Confirming the same thing, a Google spokesperson said in a statement: “These costs and fees are specific to the United States and do not apply to the Google Pay or Google Pay for Business apps in India.”
Google had posted a notice on the web app informing users that the site it won’t work anymore from January 2021. “Starting in early 2021, you will not be able to use pay.google.com to send and receive money from other people. To send and receive money, use the new Google Pay app, “reads the notice on the Google Pay website.
Google had decided to eliminate the Google Pay web app, and along with it, the main peer-to-peer payments feature will be removed and made exclusive to the mobile app only. This means that you can only send or receive funds through the mobile app.
However, while Google will get rid of this feature, the other feature, including the payment handling method, will remain virtually unchanged. Along with this major development, the old Google app will stop working on smartphones starting January 2021. This means you will need to download the new version of the app from Google Play Store or Apple App Store before the old app expires.
In early November, Google rolled out a redesigned Google Pay for Android and iOS users. The app not only has a new logo, it also includes many new features. The app was launched in the United States, while the logo has also changed in India.
Speaking about the new Google Pay app, Caesar Sengupta, General Manager and VP, Google said: “Today we are taking a major step in our quest to make money simple, safe and useful. Starting in the United States, we are launching a Google Pay app redesigned on Android and iOS. The new app is designed around your relationships with people and businesses. It helps you save money and gives you information about your spending. It is built with multiple layers of security to keep your money and your private and secure information. And in 2021, it will give you the ability to apply for a new type of digital bank account with reputable financial institutions. “
Google has made it clear that the money transfer fee is only applicable to users in the United States.
- Google will no longer allow peer-to-peer payment functionality on its web app from January
- Google will not charge any transfer fees from users in India.
- The old Google Pay app won’t work from January 2021.