Google Pay users in India will soon be able to split bills, interact in Hinglish, and sell their products online

Big Tech Google has announced many options for its payment and UPI app Google Pay during the Google for India 2021 event. The Tech Giant highlighted the importance of digital payments amidst the pandemic and showcased the approaching options on its app.

Ambarish Kenghe, Vice chairman, Google Pay had said that BHIM UPI clocks 3.6 billion transactions monthly, reaching an overall dealing quantity of whopping $1 trillion on annual basis.

He said that Google Pay has over fifteen billion transactions annually and quite $400 billion worth of transactions are done on the app.

Bill split

After adding teams to Google Pay, the brand is functioning on adding the Bill split feature, permitting users to simply split expenses with friends and family. This may be done by either the cluster feature or contacts.
Google Pay will assist you to track the payments that your friends have made once you’ve got to split the bill.

Hinglish support

Google Pay can presently get support for “Hinglish”, that could be a combination of English and Hindi. Google has said that over 350 million Indians use Hinglish in their daily communication.
Google can add support for Hinglish in the early 2022, permitting users to remodel the app to a Hinglish interface.

Some of the terms that may be shown once the interface language is changed to Hinglish are –

  • Phone number ko pay karein.

QR code ko scan karein.
Haal hi ke payments (Recent Payments).
Naam ya range se khojein

Inventory for Merchants

Google Pay presently has over ten million merchants across the 19,000 pin codes in India. Merchants can presently be able to add their merchandise, operating hours and a lot of other options directly within the Google Pay app.

Shop Owners are going to be able to add the merchandise image, price, discounts and a lot more to the app. This may enable small shop owners to sell their merchandise on-line while not having to fret regarding fitting a web site or an app for their merchandise.

PhonePe, Google Pay, Paytm retain UPI market share, even as WhatsApp transactions double

The top three among the digital payments house pattern the UPI platform maintained their market share before the merry season despite WhatsApp doubling its transactions.

PhonePe stayed the market leader among the Unified Payments Interface (UPI) section, followed by PhonePe, Google Pay and Paytm Payments Bank.

PhonePe logged in an exceedingly hundred sixty 5 integer transactions in Sept, amounting to Rs 3.06 integer integer. The digital payments-to-financial services company commanded a 45 the share of the degree pie and forty Seven Hills of Rome of the price of UPI transactions, to keep with data by the National Payments Corporation of Asian nation (NPCI).

GooglePay preserved thirty 5 or 6 market share in volume terms and thirty pool ball in values. The payments entree recorded 129 integer transactions amounting to Rs a combine of.50 integer integer.

While it’s targeted plenty of its notecase business and various offerings, Paytm Payments Bank stayed the third-largest among the UPI house, although its value market share lordotic to iron in Sept from fourteen you bored with New Style calendar month. In terms of volume, Paytm controlled over fourteen you look after the market through fifty 3.8 integer transactions worth Rs sixty,094 crore.

WhatsApp’s UPI arm – a newer entrant among the section – saw its transactions flex the last one month once the company same it fully was scaling up the service throughout a phased manner.

Although WhatsApp’s share among the amount of UPI payments stayed a meagre zero.27 you bored with Sept, the share has up from zero.01 you bored with August. this may be together as a results of WhatsApp’s UPI feature is restricted to exclusively twenty million users as per NPCI’s directions.

The Facebook-owned electronic communication app saw volumes double from 5 integer to 10 integer from August to Sept. the price of transactions on WhatsApp raised from Rs forty four.70 integer to Rs sixty 2.31 crore.

Speaking at the globe Fintech Fest 2021 on Sept thirty, Manesh Mahatme – Director Payments, WhatsApp Asian nation same, “Our focus right away is to drive awareness of our payments feature on WhatsApp and to create new use cases to act.”

The app same it’d place the rupee icon directly among the chat musician between the attachment and so the camera icon to substantiate that the payment risk may be a ton of visible to users.

September saw a whole of 356 billion UPI transactions with a accumulative value of Rs vi.54 integer integer.