Google enters global remittance market

25
Islamabad

Google Pay tied up with Western Union and Wise to allow its US-based users to remit money to India and Singapore, marking the tech company’s first foray in the multibillion-dollar global remittance market.

The new service integrates the platforms of London-based Wise (formerly known as TransferWise) and Western Union, the world’s largest money transfer service, into the Google Play app.

Users can choose between the two platforms to send money to Google’s e-wallet users in India and Singapore, Google Pay said in a blog post.

“For some, sending money back to their home countries is a regular activity and we are making it more accessible by adding it to the app that you use for your everyday money tasks,” the blog’s author, Viola Gauci, product manager at Google Pay, said.

“We’re now able to give those with family abroad a simple, safe and reliable way to send money abroad.”—TLTP