Google is going to start the digital money in INDIA . Recently the google has done the partnership with the HDFC BANK ,ICICI BANK , Kotak Mahindra Bank and Federal Bank to offer instant, pre-approved loans to customers by using the google playstore.
currently all giant companies like facebook’s whatsApp and Jack Ma’s Ant Financial, is in the race of providing the digital lending to the user base in the india.
The google is going to provide the digital loan to small business ans shopkeeper in the INDIA with minimal paper works SO this step of the search engine is going to provide the a very easy loan lending system to the customer this step will increase the customer base of the respective bank who have done the partnership with google.
Over 55 million people in towns and villages have downloaded Google’s payments app to pay for bus rides, split dinner bills with friends or pay repairmen, amounting to $30 billion in annual transactions, Google said.
The search engine has also taken part in proving the internet service at the railways station in India And am new feature in Google Go that will let users listen to websites read out in English and five Indian languages which improve the rate of the user using the websites.