US-based search engine giant Google on Thursday said it is committed to supporting the Indian government's move to digitise payments and data localisation.
In an interview to CNBC-TV18, Caesar Sengupta, general manager, payments, and vice-president, Next Billion Users, said, "Google Pay was launched on September 18 2017. In August 2018, it had 17 million transactions, August 2019 had 918 million transactions, so 54x increase on BHIM UPI in two years. Now, the spend on BHIM UPI overall has exceeded debit card spend in India and that is staggering. Google Pay has surpassed all of our expectations."
"In the beginning, we were responding to Prime Minister Narendra Modi's call for a Digital India and to help digitise payments in India. We would have been very happy to have played a small role in it but Google Pay today is being used everywhere. Two-thirds of our usage actually comes from tier II and tier III cities," Sengupta said.