Currently, Google Pay ranks second by volume transactions in India’s Unified Payments Interface (UPI) in the country and is looking to expand its offering features by introducing credit solutions for local medium, small, and micro enterprises (MSMEs). The loans offered go between approximately USD 3,370 and USD 4,000.
Google Pay has continuously increased its number of financial services offered in the country in the past year by providing loans and short-term credits to small merchants and individuals via CASHe, Zest Money, and others, while also offering ticketing services in partnership with local banks.
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