Google Pay users can transfer money from USA to India & Singapore now

Google Pay

Google pay users are no more dependent on third party specialized mobile application for payment from USA to countries like India and Singapore. The tech and IT giant Google’s payment app will now have access to the top authorized payment gateway that will let users living in USA send money to their friends and families in India and other countries. 

Google has collaborated with Western Union and Wise to enable payment service via goggle pay application. Although foreign fund transfer via Google pay has been initiated in India and Singapore. The company has planned to expand this service by the end of the year in 280+ countries globally. Google pay is expected to engage a large number of migrants in USA with its latest update will be shortly available on the play store.

In a blog, Google tried to announce that Western Union will allow unlimited free fund transfer while sending money by 16 June this year. This statement stamps on the entry of remittent service in the global market. The app will allow the free transfer of up to $500 for new customers. However, Google has not yet declared the transfer fee on each transaction would be charged after free offers.

Points to note:

Firstly, this is too important to note that fund transfer service from USA via Google play is limited to individual users. This means the individual or business from USA cannot send money to any business in India or Singapore. 

Secondly, the individuals in India are also not allowed to send money to USA through Google pay App. This is going to be a great term of revolution in payment app development standards.

How to send money on Google Play from the USA to India or Singapore?

To send money from USA to India and Singapore via Google pay, just follow few steps. Search for any Google pay users through mobile number or name tap the pay button then just select the Western Union or Wise. Tap on continue and then you will see the exact amount that the recipient will receive. Then just click the continue button and choose the way you want the recipient to receive the money whether through UPI or via cash pickup.

Google is planning to expand this foreign money transfer through Google pay application globally in around 280 countries and 80 territories by late this year. This accessibility will be facilitated by collaboration with western union and wise.

The foreign services and accessibilities are growing rapidly with the increase in migrants in developed countries worldwide. India is one of the largest remittance receivers but subjected to a drop of 9% that amount to around $76 billion due to the coronavirus pandemic. This is the report presented by the World Bank prepared based on global lockdown lead to economic fluctuation.

Conclusion 

The leading mobile app development company compact with the latest trends and technologies will get a great kick start from this news. Also, the businesses had to wait for a single transfer and then convert on global payment applications like PayPal with feel some relief. Also, the development organizations and Rend persons will find new ideas to develop similar platforms simplifying the foreign fund transfer for successful business processes.

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Must-know Things while Developing Mobile Payment App

Mobile Payment App

There was an age when people used to have their pockets full of cash to purchase products and services at various points of sale of different businesses. Money was the mode of payment then. Now it’s an age when everything is digitized. Even the payments are made digitally in the cashless society. No matter how much one wants to spend, the hassle of carrying currency notes in pockets is over. The digital payments are made via applications developed by mobile payment app development company.

Mobile app development company have merged the two leading fields of business, financial transactions, and mobile technology. A person might forget his wallet but will always carry his smartphone. The beauty of mobile payment is that the payment app developers have embedded the application in the phone to provide a seamless shopping/payment experience. Having all credit card, financial details on the mobile phone has freed the man for making financial transactions anywhere at any time. Mobile devices have become even more critical after the payment app development. With the payment app development, people have stopped carrying their wallets that were once full of cash and cards meant to make financial transactions.

Points to keep in mind during payment app development

Payment Gateway

The mobile payment app development company, at the first step, has to integrate a payment gateway into the payment application which is suitable for the application. A payment gateway provides services to applications. It permits to commit a financial transaction and avoids the trouble of dealing with legal formalities. Our payment app development company develops payment apps for various platforms like Android, iOS, and windows mobile.

The payment app developers have to keep two constraints in mind before payment app development, namely the charges per transaction and the category of application. For example, if the application is an e-commerce website, then payment gateways like PayPal, Amazon Payments are supported. Another portal, the Stripe is implemented for the app that is designed to receive money from the other end. The payment application helps to exchange money using debit/credit cards and bank accounts. The mobile app development company has expert payment app developers to suggest the right gateways for payment app development.

Payment Security

The Mobile payment app development company must develop security protocols for secure payments using fake monitoring, cryptography, data encryption, host card emulation, and other ways of Secure Elements, etc.

Processing payments

The payment app developers have to look into various technologies to process the mobile payments, like NFC (near field communication), QR (quick response), barcode structures, etc. the mobile payments are processed at both the ends that are the mobile payment application and the point of sale end. The payment app developers tailor NFC integration from the current platform, suggested hardware, and API’s.

Integrating payments with applications

The payment developers combine payment services with open source environment with shopping cart purchases, transaction checking, bill payments, and checking instructions. The developers have it in their hand to provide multiple channels for integrating platforms that have access to international and national payment modes.

Conclusion

With the strong market for payment applications, our mobile payment app development company uses smart technology for end-to-end mobile payments by safely collecting data and performing secured financial transactions that are different for every business. Mobile payments are a fast and reliable method for making financial transactions. Our mobile app development company has integrated payment applications into mobiles and online payment gateways into payment applications and websites. Get in touch with our payment app developers to have your payment application development.

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