02 Mar 2022
Product Update: ACE Money Transfer has enabled its customers in 26 countries across the UK, Europe, Canada, and Australia to use Google Pay for their international money transfers.
In 2021, the number of Google users was around 4 Billion, and the substantial flow of remittance towards developing countries was $589 billion. Inferring to an active number of Google users and a cash fund of $589 billion being transferred worldwide, these statistics created a demand.
The 4 Billion Google users essentially needed to be equipped with a digital platform that was both swift and reliable to send money online.
When and How was Google Pay Created?
Catering to other internet-based exigencies of billions of users, Google initially featured its digital payment solution with the name Google Wallet on May 26, 2011. Continuing to refine and improve its products and services for widespread users, Google changed the platform’s name to Android Pay on September 11, 2015. Later launched as Tez, another form of mobile payment solution targeting some specific regions, the digital wallet finally turned to its present form Google Pay on August 28, 2018.
Keeping up with such ever-evolving technological advancements, ACE Money Transfer featured Google Pay and has now made it available for its customers across 26 countries.
Google Pay offers a convenient service for sending and receiving money, but in contrast to other digital wallets, it directly deposits the payment in your bank account. With that being said, the long-overdue process of receiving money in digital wallets first then transferring to bank accounts has been eliminated.
Moreover, with prudent security measures, Google Pay is grabbing the attention of all for swift and reliable transactions. Online money transfer is exceptionally flexible as it offers various methods for moving cash quickly.
Let’s unravel some of the significant facts and figures of Google Pay:
Features that allow Google Pay to stand out amongst the numerous digital wallets are:
In addition to the features mentioned above, another unique feature goes by “Cash Mode.” Google Pay allows direct transfer of funds to the users in proximity without getting into bank account details.
ACE Money Transfer is connecting millions of customers worldwide and Google Pay is another addition to its wide range of payment methods.
You can download our mobile app by clicking on the following link:
ACE Money Transfer - App on Google Play