Google launches digital payments service in India 2017.

Google launches digital payments service in India 2017. : We levy daily money. But we are going to pay attention to whatever we have to pay. Because of this we have many disadvantages, such as our time is spoiled and the chances of stolen money are also high. To solve this problem, Google has started online digital money transactions online in India. So welcome to you again today we will talk about Google Digital Payment in this article "Google launches digital payments service in India 2017".

Google launches digital payments service in India 2017. 

 What is Digital Payment ?

Digital payments are a type of payment. The digital payment, which is used by the digital payment provider, uses both digital modes so that money can be received soon, it is also called electric payment, there is no problem in it. All these transactions are done online and it is very easy to do. 

 

India's plus point is that 85 percent digital payments are made in India, from which it can be said that digital payment market in India can increase ten times by 2020 to about 400 billion dollars. In India, a ban was imposed last year in 2016, and people were forced to pay with card to use digital payments.

Google has also launched a mobile payment service in India, the name of the application is Tez. Those who allow money payments from their bank accounts. And connect them with their mobile number to the bank account. And allow money transfer, this application runs in Android mobile and IOS too. Initially Google has offered offers, in which the user can earn up to Rs 51, when he makes his first payment. Google Tees can earn up to Rs 9000 per year for people. And this offer expires on April 1, 2018.

Currently Google has released its application with its name Tez. Which means fast, and it uses the UPI and this app also allows people to connect with their bank account. So people can make money transactions. Google has partnered with India's largest lending banks, providing services to banks such as HDFC Bank, ICICI Bank and Axis Bank State Bank of India. Google's application will compete with more Paytm, Paytm is the fastest e-wallet in the country today. Today, more than 225 million people use their money for payment.

Indian Finance Minister Arun Jaitley also introduced Taj in New Delhi and said that this application of Google has helped bring change in the country. Google's team was very excited because they saw greatness in India's economy and business. Google has started its efforts to reach deep in India, Google has made available free WiFi facility at all railway stations in India. And they've launched Video World Youtube which makes less use of the Internet.

Digital payments can be done in a number of ways, such as by online and digital cards, Bank ATMs can also be used and now banks have also launched their own personal application.

 Advantages of Digital Payments

• Time saving.
• Costs can be reduced.
• The risk of money theft and loss can be reduced.
• Low commissions.  
• Friendly and trustworthy transactions happen.
• The digital feature is trustworthy.  
• Money transfers are faster, and convenience is available more. 
• Sales also increase due to digital payments.
• Due to digital payment, the cost of transfers can also be reduced.   

           

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