The personal loan programme will disburse up to Rs 1 Lakh per loan, repayable over a maximum of 36 months. The partnership is being launched in over 15,000 pin codes
The collaboration aims to address the problem of meeting the working capital management of MSMEs and to help small merchants thrive in their business journey.
Points to the surge the number of UPI transactions, which are nearly doubling each year
Google Pay said it will launch a 'speech to text feature that allows users to use voice as an input to add account numbers into the app to initiate a payment
He also announced "Google Career Certificates for upskillers'
Google India Digital Services has seen its net profit rise about 62 per cent to Rs 53.22 crore, even as its revenue from operations fell two per cent to Rs 1,497.6 crore in 2020-21
The service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app
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The Delhi High Court on Wednesday issued a notice to the Unique Identification Authority Of India and others on a petition against Google Pay alleging unauthorised operations under the banking laws.
Developers including 'Fortnite' maker Epic Games in the last year took aim at the two biggest mobile app stores, run by Apple and Google
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
RBI has been wary of allowing tech giants in the banking space
Amazon Pay India, the American e-commerce major's payments app, is also set to offer deposit booking services for its customers
The RBI is weighing carefully if this could eventually lead to a backdoor entry of Big Tech in the Indian banking system
With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition
Panel on digital lending may focus on marketplace for banking products
Sajith Sivanandan also dwells on instances where certain offerings have been reported as 'Google Pay's offerings', fueling misinterpretation
The Bill bans major app store operators from forcing software developers to use their payment systems
The Telecommunications Business Act would mandate giving users a free choice of app payment providers
Google Pay wants to push time-deposit products of small Indian banks, breaching banks' historic moat with tech innovation.