• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Google Pay into data localisation compliance: Official

By PTI
|

Hyderabad, Nov 06: Google Pays monthly active user-base grew three times to reach 67 million in September 2019 up from 22 million in September 2018, a top company official said on Wednesday.

Representational image

"We have grown three times in terms of monthly active users and 67 million monthly active users as of September 2019 and that is up from 22 million users in September 2018," Sajith Sivanandan, managing director and Business Head - Google Pay and Next Billion User Initiatives, told reporters.

He spoke to reporters after announcing the rollout of the company's merchant-focused Google Pay app - Google Pay for Business - in Hyderabad. Reacting to a query, Sivanandan said the company was in the process of working and complying with the data localisation circular (RBI's local data storage norm for payment services).

Without elaborating on the time to be compliant with data localisation norms, he said: "We are in the midst of it... and we will comply with it 100 per cent".

He further said the total number of transactions on Unified Payments Interface (UPI) in October 2019 alone crossed a billion transactions.

Payment app Tez renamed to Google Pay, new features added

"UPI transactions have grown 60 times in the last 24 months. UPI has outpaced all other digital payment modes (by clocking) over a billion transactions that happened in October alone," he said.

Google runs digital payment services in the name 'Google Pay'. The Reserve Bank of India (RBI) had earlier directed all global payment companies to store transaction data of Indian customers within India.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more