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    US Money Transfer Fee, does not apply to India: Google Pay

    Google on Wednesday made it clear that users in India will not have to pay any fees for money transfers on its payment platform and that the charges are for users in the United States. Last week, Google announced that next year it will launch a redesigned Google Pay app on Android and iOS, starting in the US, and that users will not be able to use the service on a web browser.

    Reports had said that Google Pay will also add a fee on instant money transfers. “These fees and commissions are specific to the United States and apply to the Google Pay or Google Pay for Business apps in India,” a Google spokesperson said.

    Google Pay had 67 million users in India with a total payment value of $ 110 billion year-on-year as of September 2019. Google Pay for Business had announced over 3 million merchants in June 2020. Supports UPI and debit cards and tokenized credit as forms of payment in India.

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    Google Pay competes with players like Paytm, Walmart-owned PhonePe, and Amazon Pay in India.

    News Highlights:

    • “These fees and commissions are specific to the United States and apply to the Google Pay or Google Pay for Business apps in India,” a Google spokesperson said. Google Pay had 67 million users in India with a total payment value of $ 110 billion year-on-year as of September 2019.
    • US Money Transfer Fee, does not apply to India: Google Pay
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