Google introduced QR code based online payment service ‘Tez’ in India. Later, the name got changed to ‘Google Pay’. Google is now planning to introduce this online payment service in other countries besides India. But, which countries the service is going to be launched in is still unknown, as per a report of Gadgets Now in India.
In regard of Peer-to-Peer payments, QR code based service is getting popular. Google intends to utilize the opportunity.
Most of the digital wallets and digital payment services support QR code. Google recently announced to work with couple of banks in India. As a result, users will be able to get loans from banks using Google Pay. Google Pay will consist of particular limit for the loan facility.