Money
Google Pay expands remittances market
Google Pay now lets American users send money to India and Singapore
Google has launched international money transfer partnerships with money transfer firms Wise and Western Union Co.
The new feature will be accessible for users of its U.S. Google payments app.
Google Pay users in the U.S can now transfer money to app customers in India and Singapore…
There are further plans to expand to the 80 countries available via Wise, and 200 via Western Union by the end of the year.
Google’s role in the $470 billion remittance market, marks a further step by the technology company to expand its financial services offering.
No doubt it will see a ramping up of competition in the digital payments sector.