Google Play Store has now added Unified Payments Interface (UPI) as a payment option for its users in India, according to a media report. The latest was first announced at Google I/O in May this year, and finally delivering on its promise Google has now introduced Unified Payments Interface (UPI) mode of payment in the Play Store app.
Google Play Store in India currently supports credit cards, debit cards, net banking, and carrier billing via Airtel and Vodafone, Google Play Gift Cards and Google Play Balance, and through other means like Google Rewards. Now, with a new version of Google Play, a UPI payment option has been spotted. UPI is a government promoted method of making online payments. It was developed as part of the digital payment initiative.
UPI, short for Unified Payments Interface, is an initiative and facility offered by the Government of India to promote the use of digital payment solutions in the country. With UPI, users can transfer a limited amount of cash instantly between bank accounts.
Google Pay is a digital wallet platform and online payment system developed by Google to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches.
Since it began operations in 2016, UPI has now been adopted by most apps and services as one of the approved payment methods, which also includes Google’s own digital payment app Google Pay (formerly known as Google Tez).
The payment option is quite easy to use and that is why several digital wallets like Paytm, PhonePe, are also using it. Google Pay was the top UPI payment app, closely followed by Flipkart-owned PhonePe which saw 230 million transactions, according to the latest figures available.
Google I/O (or simply I/O) is an annual developer conference held by Google in Mountain View, California. I/O was inaugurated in 2008 and is organized by the executive team. “I/O” stands for input/output, as well as the slogan “Innovation in the Open”.
UPI now has 141 Indian banks onboard and users from those banks can reportedly use this mode to purchase apps from the Google Play Store. While using UPI, users need not share their card details directly with Google and instead can make do with their UPI IDs.