A days after enhancing its 2-step verification through Android phones, Google is rolling out a new feature to its Google Pay app in India. Starting today, Indians will be able to buy and sell gold directly through the Google Pay app on their smartphones.
The announcement comes through Google’s official blog post which reveals that the Mountain View company has partnered with MMTC-PAMP India who is a recognised entity for metal and mining. Users will be able to acquire 24-karat using the Google Pay app.
Users can also sell their purchased gold at a later time for the latest price which is refreshed in an interval of 1 minute.
In a statement about their latest development, Google Pay India Product Management Director, Ambarish Kenghe said “Gold is core to Indian culture and tradition, making India the world’s second largest consumer of gold. Indians buy gold to mark auspicious occasions each year. To make Google Pay even more useful, you can now buy and sell gold, securely from your phone, right within Google Pay”.
Kenghe added “This feature is created for millions of Indians who buy gold especially during festivals like Akshaya Tritiya, Dhanteras or Diwali. Now, the purchase of gold is possible, right on your mobile phone, from wherever you are. No need to visit a jeweller during a busy festive occasion”.