The company has partnered with Western Union and Wise, both of which have integrated their services into Google Pay. The company is kickstarting its cross-border payments feature with India and Singapore and intends to expand this worldwide by the end of the year.
As part of the partnership, Western Union will power cross-border payments on Google Pay in over 200 countries, while Wise — formerly known as TransferWise — will extend the support in over 80 countries. When Google Pay users in the U.S. attempt to send money to someone in India or Singapore, they will be informed about the exact amount that the recipient will receive. From within the Google Pay app, users also get to choose which payments provider — Wise or Western Union — they wish to use and how long it would take for the recipient to receive the money. The remittance feature currently allows only Google Pay’s U.S. users to send money to those in India and Singapore — and not the other way around. Woodward said the company picked India and Singapore in part because of how crucial they are in the remittances world. India was the largest receiving country for remittances in 2019, receiving more than $80 billion in the year, according to the World Bank. The U.S., meanwhile, is the largest sender. Eventually, Google intends to enable fully cross-border remittances worldwide. Also worth noting: The cross-border payments is only available for person-to-person payments. (Businesses on GPay in the U.S. can’t send money to individuals or businesses in India, for instance.)
https://techcrunch.com/2021/05/11/google-pay-us-users-can-now-send-money-to-india-and-singapore/