Google will provide loan facility with HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal Bank
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| Loans in a few seconds to buy Google TV-refrigerator, this app will be available |
New Delhi: Just like you can search anything on Google at a click, Google will now offer you consumer loans in just a few seconds. For this, Google has joined hands with four banks in India. Security - HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal Bank are included. In the coming time, Google's tremendous competition from Google's presence in a $ 1 billion digital finance market. The US search company said in a statement that it will make this loan available on its Google Pay App Tez in just a few seconds.
The fastest growing mobile market in the world, from Facebook Inc's company, WhatsApp, to Jack Ma's Ent Financially, now Google is going to join the financial services available to the people. You can tell that due to increasing mobile phones in India, the demand for loans without any short document process and no credit rating in the coming time increases rapidly. To provide the service, these companies keep their own data to reduce the risk.
Google Fast is named after Google
The name of the Google sharp app has been modified. Now this app is known as Google Pay instead of Google Sharp. Apart from this, you will also get the benefit of the loan through this. This Google app works on the UPI platform, even after the name change, the app used to work before, and hardly still. Google said that through this there will be facilities like mobile recharge, gift options and promotional coupons.
An app based loan will spread across the world
California's company Mountainview has renewed its Made in India app fast. The company introduced it as a payment app in India in September last year. App users can take loans from this, which will be directly accessible to the user's bank account. It is believed that the company will extend the idea of app-based loan to other markets in the coming time. In a function held on Tuesday in the national capital, Google Vice President Kaiser Sengupta said that when we started the work of providing loan facility to India, we learned that we can spread it all over the world.
Great Support for Google's Payment App
Google's Payment App has downloaded more than 5.5 million people in 3,00,000 cities and villages. This app is used by people to simply pay tickets, pay dinner bills, or pay friends. According to Google, the transaction is $ 30 billion annually. According to Credit Suisse Group AG, by the year 2023, the digital payment market will become a trillion dollar, which is just $ 200 billion.
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