- What does GPay do :
- GPay is a digital wallet platform and online payment system developed by Google. It enables its users to transfer money from their bank account to receiver’s bank account. Also facilitates bill payment, mobile recharge, ticket booking, shopping payment and retail payment.
- Launch year : 2015
- Company Name : Google Pay (Initially Android Pay)
- Head quarters : Mountain View, California, United States
- Founder(s) : Developer is Google
- Number of GPay employees : 10,001+ employees
- Total number of downloads: 100,000,000+ installations from Google play store
- GPay revenue : Around US $ 148 million (RS. 1119crore) as per FY19
- Weekly active users : 67 million active users in Sep 2019 (Not weekly)
- Paid customers: Google Pay is a free app
- Countries that GPay has users in : 30
- Top City for GPay usage : Bengaluru 38.10%
- Funding raised so far: $13.2 million in India
- GPay’s reported valuation : USD $ 110 billion in India
- Top 5 Competitors or similar products : PhonePe, Paytm, PayPal, Braintree, Amazon Pay, Coinbase
- GPay means : Google Pay (Google Payment Application)
- History : Originally launched as Android Pay, the service was released at Google I/O 2015. It also used technology from the carrier-backed Softcard.
- Free plan : GPay is a full of free usage app for both customer and business people.
- What makes GPay interesting : Instant and peer to peer transaction (i.e. direct bank to bank) & reward system for transactions.
- + One interesting news:
- Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch.
thanks for this great facts about gpay