Google Pay Loans: Google, the world’s largest search engine company, has now announced loans to small businesses in India. Google will arrange these loans through the Google Pay app that will provide small loans. Google India says that small businesses in India often need small loans, so Google has announced that it will introduce a feature called Sachet Loans in the Google Pay app. Small businessmen will soon start availing this feature or loan facility in India, Google India has informed about this feature that with the help of this facility small businessmen in India will be given loans of Rs.
The loan can be availed online and offline
Google Pay has partnered with ePay Letter to help merchants meet their short-term capital needs and make payments to online and offline distributors. They can use it. Google India launched a credit line on UPI in collaboration with ICICI Bank and expanded personal loan portfolio through Google Pay in partnership with AXIS Bank.
Ambarish Kenghe, vice-president of Google Pay also said that in the last 12 months, transactions worth Rs 167 lakh crore were made through UPI. Keneghe also said that half of the loans through Google Pay are under Rs 30,000. The monthly income is paid to the borrowers.