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Cash may be king in India, but Google is prince of mobile payments

The company has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars

digital india The value of mobile payments in India is well behind China’s, but is ahead of the US. But it could nearly double to hit $450 billion a year by 2023, according to a 2018 report from Morgan Stanley
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digital india The value of mobile payments in India is well behind China’s, but is ahead of the US. But it could nearly double to hit $450 billion a year by 2023, according to a 2018 report from Morgan Stanley

Newley Purnell
The leading player in the battle for mobile payments in India isn’t either of China’s pioneers, Alibaba Group Holding Ltd. orTencent Holdings Ltd. It isn’t Apple Inc, Visa Inc or even PayPal Holdings Inc.
 
It’s Google.
 
The Alphabet Inc unit has for years tried to diversify its revenues beyond advertising by pushing into new fields like cloud computing and hardware. While its profits remain healthy, it needs new ways to make money as the specter of regulation looms at home and around the globe. Its booming new business in the world’s largest untapped digital market could be the

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