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Google Pay to monetise users' transaction to target services

Published: March 11, 2021 9:05 PM IST
Google is looking to monetise the transactional data of its GPay users in India and will also offer them the choice to opt-out of this option. Three and a half year after the launch of Google Pay in India, the search giant is now looking to make some money off the app. Also Read - Google WiFi app is shutting down next month in favor of Google Home: Report
Google has said that it will roll out an update to Google Pay next week that will share a prompt with users whether they wish to share their data with the company. Also Read - Google Maps Compass returns for Android users, more new features introduced ....

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Contactless limit could jump to £100, and it's good news for Apple Pay

Tap-to-pay options baked into smartphones and smartwatches, like Apple Pay on iOS, Google Pay and Samsung Pay on Android, verify your identity using fingerprint and face scanners – making them more secure than contactless cards. As a result, manufacturers like Apple and Google don’t impose a strict limit on the amount of money that can be paid wirelessly. So, you can use in-app and online payments with Apple Pay to purchase goodies with a three-figure price tag, for example.
This is also true for a number of high street stores. However, some shops impose the same restrictions on Apple Pay and Google Pay as contactless cards, which have no way of verifying your identity before they give the thumbs up to a contactless transaction – a stark difference from smartphone solutions. ....

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