Google joins the Indian retail loan market
In collaboration with ePayLater, Google Pay authorized a credit line for businesses on Thursday, assisting them in meeting their working capital needs. It may be used by merchants to purchase their inventory and supplies from both online and offline wholesalers.
Because Indian businesses often need smaller loans, according to Google India, the internet giant has introduced "sachet loans" via the Gpay application. Google India noted that the firm would provide loans to small enterprises for as little as 15,000 that can be repaid in easier installments as low as 111.
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