Google recently introduced its payment platform as one of its latest services. This comes just in time to compete with Apple Pay. You can now use Google pay to pay for goods on eBay.
Online shopping platform eBay announced that Google Pay will be a customer payment option from April 2019. Last year, eBay added Apple Pay as a payment option.
Android users will be able to purchase goods with Google Pay. But, these payment options will only be available through sellers that are part of the new payment experiences.
eBay officially ended its collaboration with PayPal in July 2015. However, customers can still make payments using PayPal. In January 2018, eBay signed an agreement with global payments processor Adyen. It will become its primary payments processing partner by 2021.
Google is looking to be a tough competition to Amazon Pay.
Reports also reveal that Google has a new Google Pay investment plan. The new investment platform by Google also features a joint venture between an Indian government company. It offers digital gold accounts and a Switzerland-based bullion dealer. The platform allows users in India to buy 99.99% pure 24-karat gold. This gold will, in turn, be stored in a digital form.
Such investment platforms are doing very well in India. PhonePe, a company dealing in a similar investment, reported a 400% profit in transactions of digital gold purchases in 2018. This was within five months of its launch.