Google Pay users in the United States can now send money to GPay users in India and Singapore, the company announced on Tuesday, marking the company's first foray into the remittances market.
Western Union and Wise, both of which have integrated their services into Google Pay, have partnered with the company.
Western Union will power cross-border payments on Google Pay in over 200 countries as part of the partnership, while Wise — formerly known as TransferWise — will provide support in over 80 countries.
When users in the United States attempt to send money to someone in India or Singapore, they will be notified of the exact amount that the recipient will receive. Users can also choose which payment provider they want to use — Wise or Western Union — and how long it will take for the recipient to receive the money from within the Google Pay app.
The remittance feature currently only allows Google Pay users in the United States to send money to those in India and Singapore — not the other way around.
The collaboration with Google will enable Wise and Western Union to expand their presence in several markets and compete more aggressively with competitors such as PayPal, which has a larger reach. The liability and risk will be borne by Wise and Western Union.