Google Pay for money transfer from US to Singapore, India

Google says US Google Pay users can transfer money to other users in Singapore, India.

Google has partnered with Western Union and Wise to enable this feature. According to Josh Woodward, Director of Product Management at Google, the company is starting to launch cross-border payments with Singapore and India, with the goal of expanding globally by the end of the year. “As we’ve done with some Google products, we’ll test, learn, iterate, and scale,” he said. Under the agreement, Western Union handles cross-border payments on Google in more than 200 countries, while Wise supports more than 80 countries. When Google Pay users in the US want to send money to someone in India and Singapore, they’ll be notified of the exact amount the recipient received. Inside the app, users can choose a provider – Wise or Western Union – and the time it takes for the money to reach the recipient. Currently, the Google Pay money transfer feature only allows US users to send money to users in India and Singapore, but not vice versa. In addition, the feature is also new to individual money transfers. Mr. Woodward shared that they chose India and Singapore first because of their importance in the remittance market. According to the World Bank, India was the largest recipient of money in the world in 2019 with more than 80 billion USD. Meanwhile, the US is the largest depositor. Du Lam (According to TechCrunch)