Google Pay guides Pichai to revamp payments globally in 2020
Bullish on Google Pay and its rising adoption in India, Alphabet and Google CEO Sundar Pichai said the company has taken cues from the successful experience in the country and would soon roll out its revamped digital payments product globally.
Two years after debuting in India, Google”s digital payment platform Google Pay hit 67 million monthly active users (MAUs) in India in September last year, driving transactions worth over $110 billion on an annualized basis with hundreds of thousands of offline and online merchants.
The growth in 2018-19 was largely due to the steep growth in Unified Payments Interface (UPI)-based digital payments.
