Business Model of Google Pay and How Google Pay Makes Money

The business model that is the basis of Google Pay revolves around the effective channelization of digital wallets and payment systems online. It powers and manages payments in-app, as well as tap-to pay transactions on tablets, Smart-Phones as well as other devices on mobile to ensure users can use their devices to pay using their smartphones or Smart-watches as well as tablets. As one of the most popular electronic wallets Google Pay was launched on the 18th of September 17th, 2017. It was created to make it easier for users to pay using their smartphones to make paying for transactions and payments generally thought of as annoying and difficult, can be easy and simple for people. Needless to add, the service succeeded in its aim as, in the following month following the launch, UPI transactions nearly increased by a third. So, let's look at the way Google Pay made this happen by studying its business model to see how it functions.

ORIGINAL SOURCE LINK-- https://itworldblog01.blogspot.com/2022/08/business-model-of-google-pay-and-how.html