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Google India introduces Sachet Loans through Google Pay

Oct 19, 2023

By: BlinkX Research Team

In a move to support small businesses, Google India has introduced sachet loans on the Google Pay application. Recognizing the need for smaller loans among Indian merchants, Google India will offer loans as low as ₹15,000, with convenient repayment options starting from just ₹111. The tech giant has partnered with DMI Finance to facilitate these services.

Furthermore, Google Pay has collaborated with ePayLater to extend a credit line for merchants, addressing their working capital needs. This credit can be utilized across both online and offline platforms for purchasing stocks and supplies.

Previously, Google India had launched credit lines on UPI in association with ICICI Bank. The company has also expanded its array of personal loans on Google Pay through a partnership with Axis Bank. These initiatives reflect Google India’s commitment to empowering small businesses and entrepreneurs across the country.