During the Google for India event, Google has given information about many new services for Google Pay. Talking about Google Pay, it was said that the company has achieved success in India. From 17 million to 918 million in just two years. These transactions have been done through UPI.
Google is launching Tokenized Card in India. It creates a digital token of your debit or credit card. After this you can add it on Google Pay. It can be used for fast transactions. You will not even need a PIN for transactions up to Rs 2,000.
It can be used on Bharat QR. It can be used by tapping on the merchant's device. Keep in mind that this is not a physical card. Tokenized cards will be launched in India in the next few weeks. This will be a kind of virtual card and will be given through updates.
What is Tokenization?
Under this, the card details of the customers are protected. It is also a kind of data protection. The card will be yours, Google will save the information of this card so that you do not need to use the card every time.
Google Pay Business has also been Launched
Under this, merchants can now accept payment through Google Pay. Verification for this app will be done in a few minutes. For this, video calling will have to be done inside the app itself. Here your name, shop name, shop signboard, video inside the shop will have to be shown. After this verification will be done and merchants will be able to directly accept money through Google Pay.