Everyone knows Google is one of the largest tech company in the world. The tech company is expanding their businesses in every country at a time.
Today, Google said that mobile applications for payments settlement and also Google Pay Application to increase business in India. It is very helpful for people to introduce a job with various features for an android maker in huge markets. Facebook also thinking to launch these kinds of technology in India for a more profitable business. But Google has been deciding to lead this business before Facebook.
The annual event of Google in India 2019 (Google Pay)
During the annual event of Google in India 2019, they said that the Indian community is more than 400M people are online at the current time. But could not proper connectivity in the Indian nation and expose to GP for business. Now the company has decided to launch standalone applications with digital systems to accept their payments with each other through the internet and run every business smartly.
The company CEO announced, we provide the greatest platform to allowing all businesses to make their storefronts on GP application. Without any application for building their own business, GP app scans QR-codes to offerings for customers. It also creates a new feature that users find jobs through this app.
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In the past, Google Pay app introduced in 2017, named by Tez. This application ranked top of Indian Government back UPI payments infrastructure and also top on other Indian payments apps. According to survey observation of Credit Suisse, the Indian digital payments market reach $1triilion worth in the future 2023. Google-Pay across from other top payments apps such as Flipkart’s PhonePe, Amazon Pay, Paytm.
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GP app achieved a high-level goal in the Indian market, already India’s most popular country for wallet app. The company raises $2.4billion from investors. GP updates new features crucial for today’s announcement. While Facebook is the biggest platform over 4M users in India. Facebook expands its UPI based payments services.
Paytm is just focusing on its service to reach all users not more profit. The Paytm company was faced a 50% loss last year and invest $3billion to stand business for the future.