Google’s Android Pay to debut in India through UPI
The demonetization of high-value currency notes in India sure has helped mobile wallets to grow at the tremendous rate. Paytm, Mobikwik and Freecharge are currently leading the charts with Samsung making a dent with recent Samsung Pay launch in the country.
According to a new report from the ETtech, Google is also planning to release Android Pay in near future. The search giant is in early talks with Stripe – the San-Fransisco start-up that allows business to accept all kind of digital payments- to integrate UPI in its payment system.
After currency ban, the Indian government launched UPI (Unified Payment Interface) that integrates with your bank account and allows a seamless peer-to-peer payment experience. Samsung Pay already supports it and other three overseas companies are in advanced talks with NPCI.
Android Pay could single-handedly drive the biggest push required for digital payments in India. The smartphone OS currently covers more than 95% market share in the country.