Google Pay has now enabled the feature of sending money from the United States to their friends and families in India and Singapore. This formally marks Google’s arrival into the remittance services market. Google has collaborated with Western Union and Wise to permit the new service through the Google Pay app.
Even though foreign transfers through Google Pay are now limited to India and Singapore, Google is planning to expand its services to around 280 countries worldwide. Google Pay is expecting to attract a big number of migrants in the US with the latest feature. The news was first communicated by TechCrunch.
Google in its blog post mentioned that it is collaborating with Western Union, which will provide unlimited free transfers when transferring money with Google Pay until June 16. The free transfer will be provided by Wise for new customers on transfers up to $500, approximately Rs. 36,700. Moreover, Google has not yet officially confirmed the exact transfer amount that the service providers will impose after their beginning free offerings.
As per the TechCrunch report, the foreign transfers through Google Pay are constricted to individual users. This suggests that the app does not allow you to transfer money from the US to any business platforms in India or Singapore. Another fact is that the users in India are also not provided with an option to transfer money to the US through the Google Pay app.
Below are the steps to transfer money from the US to India and Singapore
Step 1: Download the updated version of Google Pay from the Google Play Store, if you do not have the new app.
Step 2: Set up the Google Pay account by following the steps that are mentioned by Google which involves adding your bank account.
Step 3: After the completion of the above steps, tap the ‘Pay’ button on the new app home screen and choose either Western or Wise.
Step 4: Finish the further instructions to successfully complete the payment process.
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