Google Pay’s partnership with NPCI!

Online payment platform UPI is a popular payment system of India, which is very popular all over India. Although Indians going out of India used to face problems in making online payments, but this will not happen now, because the popularity of India’s UPI is increasing rapidly abroad. Google Pay Service has partnered with NPCI to popularize India’s UPI abroad.

Google Pay will strengthen UPI system
Let us tell you that Google Pay, PhonePe and Paytm are based on this UPI system, which works under the National Payment Corporation of India i.e. NPCI. After the partnership between NPCI and Google Pay, travelers going abroad will be able to enjoy facilities like Google Pay. Also, the purpose of this MoU is to implement digital payment systems like UPI in other countries outside the country. This will make it easier to conduct online transactions outside India.

Increased power of India’s UPI payment
After this partnership, it is believed that the strength of UPI will increase in the rest of the world outside India. With this, foreign players will get a platform from where they will be able to make online payments. The popularity of its UPI powered app Google Pay will increase elsewhere.

What is UPI system?
UPI is an instant money transfer facility. In this service, mobile to mobile payment transfer takes place, under which many third party payment gateways like Google Pay, Phone and Payts services work. NPCI does the work of making all the guidelines for this.