April 28, 2022
1 min read

Pichai hails India’s digital payment growth

This was 11.5 per cent higher than the volume of transactions processed in February and 7.5 per cent higher in terms of value of transactions processed…reports Asian Lite News

Hailing the India digital payments growth story, Alphabet and Google CEO Sundar Pichai has said that the company’s payments strategy is very similar to the strategy it has for commerce overall.

During the company’s quarterly earnings call, Pichai said that the digital payments work in India is “certainly what really got everything started”.

“We now have 150 million people across 40 countries using Google Pay. We’re making sure it works across the board, works well, easy to use for all the sites. And then over time, we will innovate and build new digital experiences,” Pichai said late on Tuesday.

He emphasised that the company seeks Google Pay to work smoothly, both on the merchant and the financial institution side, “and making sure they can connect with the customers well”.

‘We are really building for scale, building for simplicity. And then over time, we will layer on additional helpful features,” Pichai added.

According to the National Payments Corporation of India (NPCI), unified payments interface (UPI) processed 5.04 billion transactions till March 29, amounting to Rs 8.88 trillion.

This was 11.5 per cent higher than the volume of transactions processed in February and 7.5 per cent higher in terms of value of transactions processed.

The Indian digital payment space is currently dominated by PhonePe, Google Pay and Paytm.

ALSO READ-Pichai pitches India as hub for Google products  

Previous Story

Lebanese children’s health in danger amid drop in immunisation rate

Next Story

Terror attacks denting Pakistan’s economic recovery

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

Google Docs to get emoji reactions 

It also said it is bringing gender-neutral options for gender-modifiable

Nadella, world’s top CEO, TikTok fastest growing brand

The top 10 of the Brand Finance ranking is dominated