This story was originally published 2021/05/19
6:00 a.m. PDT on May 19, 2021 and last updated 2021/05/21
11.46 p.m. PDT on May 21, 2021.
The world seems to have gotten smaller in the last few decades thanks to technology, but we are far from adopting a universal currency. Sending money across borders – for example from the US to India – is still not as seamless as we’d like it to be. Google Pay wants to change that.
Google recently announced its partnership with Wise (formerly known as TransferWise) and Western Union, which allow US users to send money to India and Singapore within the application. Yes, one less application / website to edit.
Before we get into how it works, it is important to note that the recipient must be registered with Google Pay and their bank account must be linked through UPI in India and PayNow in Singapore. In addition, payments can only be made person-to-person at the moment – companies cannot send or receive money yet. When these things are done, you can proceed with the following steps …
1. If the recipient is already in your contact list, you can do so Enter their name in the search bar. If not, you can use either the number or email id to initiate payment.
2. Once you tap the recipient’s name, you will Open the payment window. You should see a disclaimer above that says you must use a Google Pay affiliate to send money internationally.
3. In the box below Enter the amount You want to send and tap Pay.
4. A card will then appear prompting you to do so Choose between Wise and Western Union, the two partners that Google Pay currently supports. The best part is that you can see the actual amount reaching the recipient before proceeding.
5. If you continue Western Unionthe recipient has the opportunity to do so take the money in person or directly in your bank account. You can pay with your debit / credit card, bank account, or Google Pay balance. There is a limit of $ 50,000 per transaction.
6. If you choose wiseyou can only pay with your credit or debit card. The amount you send will be deposited directly into the recipient’s bank account. There is a limit of $ 2,000 per transaction.
7. Once the payments have been initiated, You can track the status of which in the chat of the contact himself.
Western Union is offering unlimited free transfers through June 16. If you’re a new Wise customer, you can send your first payment (under $ 500) for free. So if you are looking to send some money to someone in India or Singapore, now may be a good time to do it.
Google Pay is already working on expanding support to over 200 countries with Western Union and 80 with Wise before the end of this year.