This partnership with Uber could upset Paytm

You can now pay for your Uber travel with your Google Pay account, formerly Tez. “With Google Pay for 10 Uber Travel, users can earn up to 1,000 rupees,” says Google. From now on, commuters can make their Uber trips in cash, Paytm, JioMoney, gift cards, credit or debit cards and UPI payments.
While this may be another way to pay Uber users, the partnership may not be good news for e-wallet payments. The company already appears to be affected by growing competition from WhatsApp Payments and Google Pay.
Paytm recently complained to National Payments Corporation of India that Google shares Indian payment data with affiliates and third parties. The company also said that the distribution and storage of user data outside of India has “grave consequences for security in the event of data protection.”
This decision forced Google to change its privacy policy. A statement from Google states that the changes have been made to help customers understand their monetization and data usage rules.
Google recently announced the renaming of its Tez payment application in Google Pay. However, apart from the name change, no further significant changes will be made to the features of the payment application. Interestingly, in addition to payments, Google is also working with banks such as HDFC, ICICI, Kotak Mahindra, and the Federal Bank to grant immediate loans to Google Tez users, also known as Google Pay, in India.

These banks have a pre-approved personal loan limit based on their bank account and Google Tez transaction history. The payment application displays the loan amount, duration, EMI amount, and date in the Tez app itself. Users can easily set up an automatic bill payment through the Tez app to pay EMI on time

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