Google to offer loans through Google Pay for Business to India-based merchants

According to TechCrunch, the company said it is working with financial institutions to offer loans to merchants from within its Google Pay for Business app. The announcement comes as part of Google’s effort to help small and micro-businesses in India during the COVID-19 pandemic.

Moreover, the company said it plans to extend – starting 25 June 2020 – its Nearby Stores offering, which was launched in May 2020 and enabled local businesses in select parts of the country to get discovered by customers in their neighbourhood.