Google Pay Enables Remittances, With Plans for Global Expansion
Google Pay is officially expanding into the international remittances market. The app now allows users based in the United States to send money to GPay users in India and Singapore.
As TechCrunch reports, the move is the result of collaborations with Western Union and Wise (formerly called “TransferWise”). When sending a payment, users will have the ability to choose between Wise and Western Union for its facilitation, and will be notified about how long the payment will take and the exact amount that the recipient will get.
Initially, the remittances service will only be available on a person-to-person basis, with businesses excluded.