Friday, June 26, 2020
Google Pay India will help small merchants, will provide loans with its payment app
Google India has come forward to provide loans to small traders in India. Google India said on Thursday that it will work with financial institutions to help provide loans to merchants through 'Google Pay For Business'. This is part of Google's initiative to bring small entrepreneurs affected by the Corona virus epidemic to digital and bring them back to business.
Google said in a statement, 'Google Pay for Business' app has already connected about 3 million small traders in the country and now the company is working on the facility of lending them in the coming time. Google will work with financial institutions for this. It is necessary in this time of economic uncertainty. '
Google said that its offer will go live soon. Google has also launched 'Grow with Google Small Business Hub' in India. With this, all small businesses are getting a platform where they are getting all the necessary products and tools to go digital. Here they can maintain the continuity of their business and also get quick help videos for learning digital skills. Google said that it will soon make it available in Hindi.
Apart from this, the company is also going to implement its 'Nearby Stores' facility across the country. Through this facility, users will be able to get information about their nearest stores on the Google Pay app. This facility is already available in Delhi, Mumbai, Pune, Hyderabad and Chennai.
In India, Google launched the Google Pay for Business app at the end of last year. Earlier in 2017, Google also launched Google My Business app in India.