Alphabet Inc’s Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app. Google Pay users in the United States can now transfer money to app customers in India and Singapore, with plans to expand to the 80 countries available via Wise, and 200 via Western Union by the end of the year.
About the partnership:
- The company has partnered with Western Union and Wise, both of which have integrated their services into Google Play.
- When Google Pay users in the U.S. attempt to send money to someone in India or Singapore, they will be informed about the exact amount that the recipient will receive.
- From within the Google Pay app, users also get to choose which payments provider Wise or Western Union, they wish to use and how long it would take for the recipient to receive the money.
Important takeaways for all competitive exams:
- Google CEO: Sundar Pichai.
- Google Founded: 4 September 1998, California, United States.
- Google Founders: Larry Page, Sergey Brin.