In 2018, Google revamped its mobile and online payment services and brought them all under the Google Pay or G Pay umbrella.
You can use it for online payments, in-app purchases, contactless in-store payments, and peer-to-peer money transfers. So whether you’re browsing for new sneakers online or buying your morning coffee, G Pay can do everything for you. However, it is not just about sending money or paying for goods. Like Apple Pay, you can also load train tickets, passes and reward cards. It could be a Covid pass or something else entirely.
What is Google Pay or GPay?
Google Pay is an online payment application that allows users to make payments directly or from a bank account in real time using the Unified Payments Interface (UPI). All you need is an internet connection, an Indian bank account and an Indian phone number to use Google Pay. The best part is that you can send money directly to anyone’s bank account, even if the recipient isn’t on Google Pay without incurring a charge.
The app also allows you to send money to a foreign bank account. There are several ways you can send or receive money with Google Pay. Here is a step-by-step guide that you can follow to send money to a foreign bank account on Google Pay.
How to send money from Google Pay to Bank Account?
To make a payment to one of your contacts, wherever you are in India, you can follow the steps below:
Step 1: First of all, open Google Pay on your smartphone.
Step 2: On the home screen tap on “New Payment”, it will take you to the payment options.
Step 3: Tap on Bank Transfer option on the new screen.
Step 4: Once you have selected the bank transfer, the screen will ask you for the following information.
- Enter the Recipient Name
- Recipient account number and re-enter once again.
- Enter the IFSC code
Step 5: Enter all the required details and press Continue.
Note: Just make sure you enter the correct information. Because once you send the money, the transaction cannot be canceled.
Step 6: Enter the price. You can also add details if you wish and press Done (Continue arrow).
Step 7: On the next page, select the bank account and press Continue to make the payment.
Step 8: Enter your UPI PIN and press Done (tick).
only this much! After the money has been sent, you will receive a notification. You will also receive an SMS with the amount withdrawn from your bank account. However, either way, if your transaction on the contact’s bank account fails, the bank may withdraw the money from your bank account and return it back. If the amount is included, you will receive two SMS for refund.
All you need is an internet connection, an Indian bank account and an Indian phone number to use Google Pay. The best part is that you can send money directly to anyone’s bank account, even if the recipient isn’t on Google Pay without incurring a charge. The app also allows you to send money to a foreign bank account.
You can transfer out money from Google Pay to bank account it take hardly 2mins. With your bank account, the pending transaction takes up to 1–3 business days.
You cannot send more than Rs 1,00,000 per day: It just means that the app allows you to transfer up to Rs 1 lakh using the app.