12 March 2021
Google has announced that Google Pay users in the US can send money to their family and friends in India and Singapore. The facility is available starting today in the country. Google has partnered with Western Union and Wise to integrate their services into Google Pay and help users transfer money.
Google believes that by the end of this year, the US Google Pay users will be able to send money to people in more than 200 countries and territories through Western Union and to more than 80 countries through Wise.
Google says the facility will ease the financial anxieties of loved ones. The pandemic has hit hard many parts of Asia, especially India and Latin America and Google believes it is the right time to let the users living in the US help their loved ones in the affected countries the easiest way.
It is worth noting that while the Google Pay users in the US can send money to people in India and Singapore, the other way around is not possible for now.
Josh Woodward, Director of Product Management at Google, told TechCrunch in an interview that the company is kickstarting its cross-border payments feature with India and Singapore and intends to expand this worldwide by the end of the year.
“As we do with a number of Google products, we will test, learn, and iterate and then start scaling,” he said.
Techcrunch points out that cross-border payments are only available for person-to-person payments, which means businesses on GPay can’t send money to individuals or businesses in India.
To send money internationally, all you have to do is start by searching or the contact on Google Pay to whom you want to send money. Tap “Pay” and select either Western Union or Wise. Just follow along with the steps and complete the payment.
Receivers will be informed about the exact amount they are going to receive from the sender.
Google has announced that “from now until June 16, Western Union will offer unlimited free transfers when sending money with Google Pay, and Wise will make the first transfer free for new customers on transfers up to $500.”
According to Techcrunch’s report, Western Union has said in a statement that receivers will pay no charges and will get the exact value in their local currency as chosen by the user in the US. Wise, however, will charge the actual foreign exchange rate and additional transfer fees, which will vary from country to country. In either case, Google will not charge any additional fees to customers.