Google Pay has rolled out an international money transfer service for its US customers in alliance with Western Union and Wise.
The move allows the users of Google Pay app in the US to send money to users in India and Singapore.
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The company plans to expand the service to users in more than 200 countries and territories in tie-up with Western Union and to over 80 countries via Wise by end of the year.
It is estimated that people around the world send around $700bn annually to friends and family in their home countries.
A recent Mastercard study found that 73% of people regularly send money abroad, while 38% reported increased involvement in international payments last year, during the pandemic.
Google Pay said in a statement: “For some, sending money back to their home countries is a regular activity and we are making it more accessible by adding it to the app that you use for your everyday money tasks.
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By GlobalData“Working with Western Union and Wise, we’re now able to give those with family abroad a simple, safe, and reliable way to send money abroad.”
Western Union is offering unlimited free transfers for Google Pay users till June 16, while Wise will make the first transfer free for new customers on transfers up to $500.
Google Pay users will be able to select either Western Union or Wise to transfer the money internationally while making payments through the app.
Last November, Google Pay launched across Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal, and Romania.
In September last year, banking platform Curve allowed its users to add their Curve card to Google Pay wallet in 14 more countries in Europe, in addition to the UK.
