Lesser-known Facts about Google Pay App

Do you realize you Google Pay is transforming our everyday life? If no then do check this blog by Futuristic Bug.

The use of digital wallets is pretty common these days, and the list of companies offering digital wallet services is endless. From Google pay, Amazon Pay, PayTM, Dhani, Mobikwik to PayZapp, Yono, Pockets- and the list are endless.

Each of the digital wallets is sprouting because of its unique features. Google Pay is not an exception to this.

Keeping in mind the popularity of the UPI payment market in India, Google purchased the Tez App, later rebranded it as Google Pay, and entered the consortium of the digital payment system for handling monetary transactions via their Digital wallet in India.

Why should you use the Google Pay app? Because of its striking features?

But what are they? Do check the followings-
1. Instant Transaction
2. Transactions are made directly through bank accounts.
3. Its multilayered security means extra protection.
4. Since transactions are done through the bank account, there is no limitation to it.
5. The Availability of 8 Indian languages makes it more acceptable.
6. Either you mention the mobile number or give a Virtual payment address, to complete the transaction.
7. Their cashback facility is another lucrative offer.
8. It complies with the banking guidelines, offering a seamless experience to its users.

How different is it from its competitors?
It is different because of its customized services, easing the entire payment process.

If any user is in proximity to another Google pay user, then no need to enter the mobile number or bank details for the transfer of money. Just by using the cash mode feature they can easily do that.

A separate app has been introduced for entrepreneurs to remain connected with their customers and offer sterling deals. Also, payment up to Rs 50,000 can be received from customers without added tax on the customer’s part.

Moreover, soon applying for pre-approved loans will be a matter of a few minutes, as users will be able to do so through their apps.

Final Note
Many among us are still cynical about using Digital wallets. They fear monetary frauds, resulting in bankruptcy. But Google Pay is highly secure. Once you start using it, you will be in the habit of accessing it as and when required- for every payment you make, or receive.