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Google Pay Users Can Now Even Buy Gold Through the App

The petitioner has sought direction to the RBI to stop Google Pay operation in India

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The app "Google Pay" displayed on a user's Smartphone.

Aiming to make Google Pay more useful for Indian users, Google on Thursday announced its partnership with MMTC-PAMP India for buying and selling gold through the application.

MMTC-PAMP India Pvt. Ltd is an internationally recognised metal and mining service provider.

“Google Pay users would be able to buy 99.99 per cent, 24 karat gold after this partnership with India’s only LBMA accredited gold refinery,” the company said in a statement.

With this, Google Pay users can purchase gold for any value that will be stored in secure vaults on their behalf by MMTC-PAMP. The users can buy and sell the gold any time at the latest price, refreshed every few minutes, as displayed on the Google Pay app.

Google Pay.

“Gold is core to Indian culture and tradition, making India the world’s second largest consumer of gold. Keeping this in mind, we introduced gold buying and selling feature on Google Pay for millions of Indians who can buy gold right from their mobile phones,” said Ambarish Kenghe, Director-Product Management, Google Pay, India.

The announcement came as the Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) and Google India Digital Services Private Limited to file a reply on a plea alleging Google Pay not being listed as an authorised operator as per a list of the ‘Payment System Operators’.

Also Read- Indians Are Willing To Share Personal Information With Their Banks, Claims Study

A division bench of Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani issued notice to the RBI and Google India Digital Services Private Limited on a PIL filed by Abhijit Mishra.

The petitioner has sought direction to the RBI to stop Google Pay operation in India. (IANS)

Next Story

Google Pay Listed as Payment Option on eBay: Report

Google Pay would be made available to Android users in early April as the newest payment option, joining Apple Pay

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Google Pay.

Keeping up with the online-purchasing habits of the millennials and Gen Z, US-based e-commerce platform eBay has added Google Pay as a payment option to its Android app to further increase customer choice in its new “managed payments” plan.

The “managed payments” plan from eBay allows users to check out without leaving the platform, using the payment method of their choice.

The integration would let Google Pay users complete purchases on eBay via the app, mobile web and on desktop from sellers participating in managed payments, regardless of the operating system (OS) or device, eBay wrote in a blog post on Thursday.

The app “Google Pay” displayed on a user’s Smartphone.

“Offering Google Pay as a form of payment is another significant step toward providing our customers with more choice in their payment options, and creating an experience that is tailored to personal preferences,” said Alyssa Cutright, Vice President of Global Payments, Billing and Risk at eBay.

Also Read- Ahead of ‘Shazam’, Snapchat’s New AR Lens is Here

Google Pay would be made available to Android users in early April as the newest payment option, joining Apple Pay.

“Both the payment options are currently only accessible when buying from sellers enrolled in eBay’s new payments experience, and will be increasingly available to shoppers as the programme grows to process more volume in additional geographies,” the post said. (IANS)