With just one click on Google Pay app, you will be able to transfer money in no time. Western Union has around 5 lakh retail locations in 200 countries in the world, from where money transfer works.
Money transfer app Google Pay has given a huge gift to its customers. Now a person sitting in America can easily transfer money to his family or partner in India. Along with India, this facility is also going to meet the people of Singapore. This transfer of money will be done through Wise and Western Union companies.
Google Pay says that in the coming months this service will be provided in 80 countries through Wise Company and in 200 countries by Western Union. International money transfer facility will start in these countries by the end of this year. If you look at the world market for transferring money, Google’s share in it is 470 billion dollars. Western Union is the top company in transferring money from abroad and has the first place in this work. Now Google has partnered with Western Union and Wise to make this work digital. This partnership will make the transfer of money internationally easier and easier.
How many users will benefit
According to a report by ‘Reuters’, there are 150 million users of Google Pay across the world, which are spread in 40 countries. Amid the Corona epidemic, online money transfers have increased, which companies like Google Pay are trying to take advantage of. However, if you look at the figures of the last two years, due to the corona, the earnings have decreased and the amount of remittance has decreased. The amount of migrant people of India, who are spread all over the world, send to their home, a decline of 14% is being seen. This has happened due to a mess in the economic situation because jobs have decreased, jobs have also gone.
Many companies are in the market
US company Google Pay redesigned its app in November last year and has added many banks to it. Under this, a partnership has been formed with Western Union and Wise Company. Companies like ANT Group, Samsung Electronics Company, Apple IAC and PayPal Holdings are also engaged in money transfer business. Now Google Play is entering the international market, so strong competition can be seen in all companies.
What did Google say
Google Play has said that by the end of this year, people of America will be able to send money to India. Such people can take the support of Western Union’s network. This bank has crores of accounts and millions of wallets in 125 countries. With just one click on Google Pay app, you will be able to transfer money in no time. Western Union has around 5 lakh retail locations in 200 countries in the world, from where money transfer works. Western Union is a cross country and cross currency payment transfer platform. Through Google Pay, people will be able to transfer money safely and quickly.
How to do money transfer
- If you have not updated after the new app redesign, then download the latest version of Google Pay from the Play Store.
- Now correct the settings of the app. Following the instructions given by Google, setup the bank account details
- In Google Pay app, there will be a Pay button, where you will get the option to choose either Western Union or Wise.
- You will be given instructions on the app, following which complete the payment process. It asks for debit or credit card information.
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