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This is a by-product of a simple thing: Google being the largest payment system provider in India. Google Pay in India is basically CashApp++ . And the govt is
by sandGorgon 4y ago
This is a by-product of a simple thing: Google being the largest payment system provider in India.
Google Pay in India is basically CashApp++ . And the govt is paranoid about the "Big Tech takeover of banking". Which is not very dissimilar to "Bust Up Big Tech Act".
Google Pay is pre-installed on every android system. This is basically a browser war part 2.0. Except for payments.
- kylehotchkiss 4y agoAren't PayTM and PhonePe bigger?
- metahost 4y agoThose are insignificant in comparison to Google Pay (or Tez as it used to be called).
- perryizgr8 4y agoPaytm and phone pe are not insignificant. > PhonePe (49.25%), Google Pay (34.6%), Paytm (10.65%) and CRED (1.8%) together processed 636 Cr UPI transactions worth INR 10.32 Lakh Cr https://inc42.com/buzz/top-four-upi-apps-held-96-market-in-august-2022-retain-consistent-cap-share/ https://inc42.com/buzz/top-four-upi-apps-held-96-market-in-a...
- metahost 4y agoFrom anecdata it seems that GPay is ubiquitous. The distribution may vary wildly regionally though.
- boruto 4y agoThat is simply incorrect.
- rushikesh98 4y agoGoogle Pay was not installed in my android phone. Bought in August 2022.
- MisterSandman 4y agoThis is not true at all, India has a relatively healthy triopoly of payment providers, GPay is definitely not at the top. As someone from New Delhi, very few people around me use GPay, and instead use PayTM. And the difference is moot since all of these services use UPI anyway, so it's not like Google Pay being a monopoly would drastically change how much data the government can see.