The world's most popular search engine, Google will now offer you a loan. The special thing is that these loans will get you sitting at home. Alfaibets are going to get their hands on four banks to provide an online loan. Alfabet offers services by Google brand name. This is a fast growing online loan market in the eyes of the US company.
Alfabet wants to join hands with four big banks. These include HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal Bank. Google has given this information. He said customers will be given a pre-covered loan. The process will be completed within a few seconds.
From Facebook's WhatsApp, Jackman's Ant Financial does not want to offer business opportunities in the world's fastest growing economy. The online business of online loan is growing rapidly in the country. The reason for this is that mobile users do not want to process a large amount of small loans. Also, credit ratings are not required for the loan. Fintech companies also seek out statistics and algorithms to know the risk.
The name of 'Brightness' also changed
With this Google has changed the name of its 'Brightness' app. Now this will be known by Google Pay. Google released this in September last year. Now users can take a loan using this app. The loan amount will be credited directly to their bank account. The company will also be using this app for other countries.
The country's 300,000 cities and 5.5 million people in the village have downloaded Google's payment app. They use this to get a bus ticket, pay a restaurant bill and send money to friends. Google said its annual transaction of payments has reached $ 30 billion. According to Credit Suisse Group, the online transaction market is estimated to reach $ 100 trillion by 2023. Now this is 200 million dollars.