Sunday, May 19, 2019
News

Google Pay users can buy gold through app (Lead)

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Friday, 2019 1:45:05 AM IST
Aiming to make Google Pay more useful for Indian users, Google on Thursday announced its partnership with MMTC-PAMP India for buying and selling gold through the application.

MMTC-PAMP India Pvt. Ltd is an internationally recognised metal and mining service provider.

"Google Pay users would be able to buy 99.99 per cent, 24 karat gold after this partnership with India's only LBMA accredited gold refinery," the company said in a statement.

With this, Google Pay users can purchase gold for any value that will be stored in secure vaults on their behalf by MMTC-PAMP. The users can buy and sell the gold any time at the latest price, refreshed every few minutes, as displayed on the Google Pay app.

"Gold is core to Indian culture and tradition, making India the world's second largest consumer of gold. Keeping this in mind, we introduced gold buying and selling feature on Google Pay for millions of Indians who can buy gold right from their mobile phones," said Ambarish Kenghe, Director-Product Management, Google Pay, India.

The announcement came as the Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) and Google India Digital Services Private Limited to file a reply on a plea alleging Google Pay not being listed as an authorised operator as per a list of the 'Payment System Operators'.

A division bench of Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani issued notice to the RBI and Google India Digital Services Private Limited on a PIL filed by Abhijit Mishra.

The petitioner has sought direction to the RBI to stop Google Pay operation in India.

--IANS ksc/na/bg

( 282 Words)

2019-04-11-19:30:08 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Polls make bitter turn sweet: Mills forc...
Creditors expect increase in realisation...
Telangana seeks 2,000 MW power from NTPC...
Rs 100 cr package for Fani-hit Odisha ve...
Canyon buys Tata International DLT, DLTM...
Reports of rift between promoters basele...
More...
 
INDIA WORLD ASIA
Have a special relation with Kedarnath: ...
Wide-scale coverage of Modi's Kedarnath ...
Salute all mothers and sisters who playe...
Specially-abled woman votes in Indore, M...
LS polls: 10.25 per cent turnout till 9:...
Cannes 2019: Diana Penty stuns fans at '...
More...    
 
 Top Stories
Gurdaspur: Brothers attacked by mis... 
Saudi Arabia says does not want war... 
Anil Kapoor's affectionate message ... 
Media person roughed-up by Tej Prat... 
Mukesh and Nita Ambani visit Rishi ... 
Nalanda: Villagers boycott polls, s... 
Harbhajan Singh casts vote in Jalan... 
Voting begins in Bihar's 8 Lok Sabh...