(Image source from: Thetechportal.com)
Google Pay To Offer Loans To Indian Merchants:- Google said that it is ready to offer credits for millions of Indian merchants through its payment app 'Google Pay'. Google is keen to help small businesses in India that are badly impacted due to coronavirus pandemic. This even helps to boost up Google Pay in the country with a new business model. Google is even working with financial institutions to offer the loans from Google Pay for business apps. Google said that Google Pay already reached 3 million merchants already.
Google Pay's loan plans will boost up several small and micro-businesses in the country. An app named 'Google My Business' has been launched in India in 2017 to help Indian merchants. Google Pay said that it is now used by more than 26 million businesses in the country. They can even list themselves on Google maps and google search. India is said to be having over 60 million small and micro-businesses in the country as per the records of the Indian government.
After the coronavirus outbreak, most of the small businesses are badly impact. Google decided to take the move and offer loans to smaller businesses in the country. Google also launched the 'Spot feature' in the country that allows the businesses to create their own brands that are made accessible for the customers who are using Google Pay.