Google Play Store has launched Unified Payments Interface (UPI) for its users in India. As per a report, the new payment option has now been added by the software tech giant in its Play Store payment alternative. At the moment Google Play Store supports credit cards, debit cards, net banking, carrier billing via Airtel and Vodafone, Google Play Gift Cards and Google Play Balance in the country.
Unified Payments Interface (UPI) is a facility provided by the Government of India in order to promote digital payments in the country. The users in India can transfer a restricted amount of cash immediately between bank accounts via UPI transfer. The software company has already launched the Google Pay app supported by UPI in the country and now Google has brought UPI payment options in its Google Play Store, too. As per a report Google Play Store v16.3.37, users have begun spotting UPI as an option. However, currently, even with its most recent version of Google Play v16.4.15 the UPI payment option was not found. So chances are with the next update users might see the option.
For the unknown, the Unified Payments Interface (UPI) is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. As of March 2019, there are 142 banks live on UPI and this method is being approved by most of the apps as well as the services. Google’s own Google Pay also approves the payment method in the country. Currently, the users need to share their card details with Google from now on the users can use their UPI ID in order to make payments to purchase an app from the Google Play Store.
However, UPI still requires a PIN to complete the transaction, but the smaller limits allowed by the service lessens the quantum of abuse if there is any chance of it. Since most transactions on the Google Play Store fall within this limit, users should have no problem purchasing apps and other content, while still retaining their peace of mind, a report in XDA said.
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