U.S. Google Pay Customers Can Now Send Money Internationally
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A brand-new upgrade to Google Pay will allow millions of U.S. users to send cash abroad whenever they desire. The feature, in collaboration with remittances companies like Western Union and Wise, is beginning to roll out today.
At this minute, the feature is just open up to move to users in Singapore or India however Google has strategies to extend it to more than 200 nations by the end of 2021. Western Union will support, and most likely power, all 200 countries and Wise will extend to support over 80. Google Pay, which already has 150 million users in 40 countries, is also providing complimentary unlimited transfers through Western Union till June 16 and Wise is scrapping fees on your first transfer approximately $500.
These functions are bolstering Googles push to have a bigger grip within the $470 billion global remittances market together with other more recognized rivals like PayPal or Samsung Pay. Other digital wallet suppliers are stretching their limbs in other places, with the similarity cryptocurrency trading, in order to remain pertinent (or afloat). PayPal, Venmo, and Squares Cash App already allow users to buy and trade Bitcoin and other comparable currencies but we have yet to find out if Google will do the same.