GooglePay users can now start investing through the app. As the technology firm prepares to launch ‘Gold’ as an investment plan on its platform, according to two people in the know of the matter. This will be the first such move by Google in the buzzy online investment space.
While the service has not been officially launched, the company has already updated its terms of service on the GooglePay application, which ET has checked and verified. ET has sent queries to Google, and will update the story with the company’s response.“GooglePay provides a technology platform to MMTC-PAMP to offer the sale, delivery and repurchase of Gold and other related services,” read the service settings on Google Pay, as published by business intelligence platform, Paper.vc.
MMTC-PAMP is a joint venture between Switzerland-based bullion brand PAMP and MMTC, a Government of India undertaking which offers a gold account which can be accessed digitally by the Indian shoppers.