Google has announced a huge extension of its international money transfer service. This service allows US customers and users to send money straight to friends and family in India and Singapore using the Google Pay app. The latest update is the next big step in Google’s efforts to make international money transfers more accessible.
To facilitate these international transfers, Google has partnered with leading financial services providers Western Union and Wise. For transfers to India, Google has partnered with Western Union, leveraging the company’s extensive network to enable seamless money transfers to over 200 countries and territories. For transfers to Singapore, Google has partnered with Wise, a global leader in cross-border payments, to provide competitive exchange rates and fast transfer speeds.
This initial deployment to India and Singapore is only the beginning of Google’s big intentions for international money transfers. Google has promised to expand this service to over 200 nations and territories in the near future. Thus, further linking its worldwide user base and allowing people to easily send and receive money across borders.
Google Pay users can send money Internationally
Google has enhanced its international money transfer service with a focus on transparency and customization. The largest search giant provides US-based users with a seamless experience when sending funds to friends and family in India and Singapore.
Before initiating a transfer, users will be clearly informed about the exact amount their recipient will receive, ensuring no hidden fees or surprises. Additionally, users will be empowered to choose the payment provider, either Western Union or Wise, based on their preferred transfer speed and exchange rate options.
Because of this degree of transparency and customisation, users are fully aware about the transfer process and may make educated decisions based on their individual needs.
Google International Money Transfers: Competitive Rates and No Hidden Fees for US Users
Google’s international money transfer service offers competitive rates and transparent fees. This service assures that consumers in the United States can also send money to relatives and friends in India and Singapore without suffering unexpected fees.
Western Union, one of Google’s money transfer partners, will not charge any additional fees to Google Pay users. Meanwhile, this means that the recipient will receive the exact amount in their local currency that the sender selects.
On the other hand, Wise, another Google money transfer partner, will charge the actual foreign exchange rate for the transaction. Additionally, Wise may charge a small transfer fee, which varies depending on the country.
Google itself will not charge any additional fees for sending or receiving money through its international money transfer service. This ensures that users can send their hard earned money to loved ones without worrying about hidden charges or inflated rates.
Western Union and Wise: Money Transfer
To further entice users, Google has partnered with Western Union and Wise to offer introductory promotions for international money transfers. Until June 16, Western Union is providing free transfers to Google Pay users. Additionally, Wise is offering its first transfer free for new users. With competitive exchange rates and transparent fees, make Google’s international money transfer service an attractive option. This exciting offer allows users to send money to India and Singapore.
Apart from all this, the report further adds that “Until June 16, Western Union will provide free transfer to its users when the money is send using Google Pay. Whereas, Wise has also promise to make first transfer free using for the new users. Keep in mind, the transferable amount should not be more than USD 500.
Google vs PayPal for Global Payments
Google’s international money transfer service aims to challenge long-established competitors like PayPal. To recall, Paypal has already dominated the cross-border payment space. PayPal’s international payment feature is also currently limited to individual accounts, excluding businesses. Google’s partnership with Western Union and Wise, coupled with its own user-friendly platform. This partnership could position it as a strong contender in this market.
While Google’s international money transfer service is currently limited to sending money from the US to India and Singapore, the company has expressed plans to expand the service to over 200 countries and territories in the near future. With this new feature, Google can take on long time rivals such as PayPal. To recall, PayPal already allows it’s users to send money globally across any country. In PayPal, the international payment feature is only available on individual accounts.
How to send money internationally using Google Pay?
1. Users can Download and install Google Pay app from Google Pay Store
2. Create an users account on Google Pay using directives
3. Search for Google Pay user/ users located in India or Singapore
4. Make use of US based account
5. Open the account and tap to make payment. Click on “Pay”
6. Choose the payments transfer mode including Western Union, Wise.
7. Input the amount you want to send across country
8. Check the converted amount in particular currency.
9. Tap ” Send” to transfer money to user located in India or Singapore.
This is how we can transfer or send money to the users located in India or Singapore using Google Pay app. Also Read: How to withdraw money from ATMs without using a card?