Google Pay – Benefits, How to Register

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How many times you have heard this, “Mujhe GPay Kar dena“? Well, I guess, a lot of times. Isn’t it? You have to, as Google Pay aka GPay is the second most used UPI application after PhonePay in India. However, it is probably going to beat PhonePay and will become the most used UPI application in the upcoming years. Are you using Google Pay? Should you start using this application? Well, let us make you aware of some facts about Google Pay first. I guess it may help you to decide.

Google Pay

• Google Pay (previously known as Tez) or GPay is a platform where a user can make UPI payments, Recharges, Bill Payments, and Businesses. At present Google Pay is available on android and ios platforms. The application is in line with our familiar apps like Paytm & PhonePay. 
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When Google Pay started?

• Google Pay was launched on 26th May 2011 initially as Google wallet, on 11th September 2015 as android Pay, and finally on 8th January 2018 as Google Pay. 

When Google Pay started in India?

• Google Pay started in India on 18th September 2017 as Tez. However, Google rebranded Tez to Google Pay on August 28, 2018.

Benefits of Google Pay Application

• There are numerous benefits of using Google Pay. Those are discussed below. 

  • Bill Payment through Google Pay Application

    • Just by linking your biller account once, you can pay your monthly bills without any hassle. You can pay bills for: –   
      1. Prepaid Mobile Recharge,
      2. Postpaid Mobile Bill
      3. Electricity,
      4. Gas Cylinder
      5. DTH,
      6. Broadband,
      7. FASTag
      8. Insurance
      9. Loan EMI payment
      10. Municipal Tax/Service
      11. And some other Bill payments

• • • After you linked your biller account with Google Pay, the application will send you reminders before the due date of bill payment, or before the end of your current plan. This facility of Google Pay is really useful as it protects users from late payment or stopping any service he/she is using.
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• • Making Payment via UPI

    • When you are making a payment via UPI, the Google Pay application may be used as a medium of payment. 

• • Money Transfer with the Google Pay application

    • Using the Google Pay application, you can send/receive money to/from any other Bank Account.  

• • Ticket Booking through Google Pay Application

    • You can also book a train, flight (via MakeMyTrip, Yatra), and bus tickets (Red Bus) through Google Pay application. 

• • QR Code Payments

    • You surely have noticed QR Code stickers at shops, restaurants, shopping malls, even now in Kirana shops. You can scan and pay through the Google QR Code scanner (even if the QR Code stand at the shop is of any other company’s like PayTM, Airtel, etc.).
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• • Payment via Debit and Credit Card

    • Add and link your debit and credit cards on Google Pay and these may be used for, Online  and Offline Payments. 

• • Bank Account Balance Check

    • Having Google Pay activated has another facility. You don’t need to give a missed call or send an SMS to check your Bank Account Balance. Your Bank Account Balance can be checked via Google Pay application, by doing just a couple of taps.  
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• • Invest or Trade on Gold

    • With the Google Play application, you can easily buy, sell, gift, and earn 24K Gold.

  • Rewards

    • Paying through Google Play allows you to get great rewards such as cashback or offers. 

  • Other Benefits

    • Google Pay provides some other benefits too, like, offers on Ordering Food, Opening Account in other applications, Hotel bookings, Shoppings, etc. 

• • Earn Huge Amount from Google Pay referral Programme

    • Google Pay rewards its users when they add new users to Google Pay by inviting joining links. The reward amount changes from time to time. 

Google Pay Drawbacks

• There are some drawbacks too of this application, such as – 
  • Failure of Payment sometimes.
  • Getting useless offers as a reward.
  • Getting the disappointing “Better luck next time” message as ”reward” :-). 

Google Pay application Review

• Google Pay application has been downloaded 500 million-plus times and it has a 4.2-star rating in Playstore.

Is Google Pay Safe to Use?

• Google Pay is secured by multiple layers of security from the user’s bank and Google.
• Each transaction in Google Pay is secured with the user’s UPI PIN, and the user can safeguard his/her account with a device lock method such as your fingerprint.

Should You use Google Pay?

• In spite of having a few drawbacks, Google Pay has become one of the most trusted, easy-to-use application for payments and money transfers. The application is bringing new features and fixing its bugs regularly. Hence, a user who makes payments online must have Google Pay installed on his/her mobile. 
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How to install and set up Google Pay?

• Ste 1: – Click on the link below to download the application. If you sign up with this link, you will get a cashback of Rs. 21 after doing your first payment through Google Pay. To get this cashback just enter the code, “73rd91” before your first transaction on Google Pay. 
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Click here to Download Google Pay Application

• Step 2: – Enter your phone number. 
• Step 3: – Sign in with your Google Account.
• Step 4: – At the top right, tap your photo and then Bank account.
• Step 5: – Tap Add bank account.
• Step 6: – Choose your bank from the list. (If you don’t find your bank, it doesn’t work with Google Pay.) 
• Step 7: – Select the account you want to add from the list of accounts that shows up.
• Step 8: – To verify your account, you’ll need to add your debit card details.
• Step 9: – Then click on the ‘Create Pin’ option and enter your UPI Pin. This Pin will be needed to make any transactions. (If you have already activated your UPI Pin in any other application, enter the same here). After successful verification of OTP your bank account will be added to Google Pay.
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Things to be kept in mind while setting up Google Pay

1. Your Mobile Number registered with your Bank Account should be the same through which you will sign up to Google Pay. 
2. You might need to give Google Pay permission to send a verification SMS to your bank. Standard SMS charges apply.
3. Make sure that your mobile number registered with your bank account has balance in the account. Otherwise, SMS will not be sent and as a result, verification will not be completed.
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Google Pay Customer Care Number

• For any kind of help, users can reach Google Pay by calling this number – 1-800-419-0157. 

Last Words

• Google Pay users in India are increasing day by day. Google Pay currently has more than 35% market share in terms of UPI payments in India. As per the latest data, It has 220+ million users in India. Keeping these things in view, it can be said, that Google Pay users will increase in upcoming years, and hence, features and benefits will also be increased in the Google Pay application. 
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I hope you have found something useful in this article. If you have any questions about this article, please let us know in the comments or mail us at [email protected]. Also, share this article with others to give them an opportunity to learn new things. In this blog, we publish various articles on finance. To get immediate notification of our articles, click on the red bell icon on the right side and turn on the notification. Thank you for spending your precious time reading this article. stay healthy, Stay safe.

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