Digital transactions are on the rise. The proliferation of internet-enabled gadgets has made it easy to transfer and receive money online on people’s bank accounts. Therefore, people now enjoy the luxury of 24 X 7 money transfers on the move. Also, the safety and convenience connected to digital transfers have made them one of the best avenues to send and receive money, pay utility bills, recharge phones, and purchase goods and services.
Several third-party apps facilitate fund transfers today. Many such platforms offer online payment systems as well as digital wallet facilities. Some of India’s most popular digital wallets and digital payment systems are Google Pay, Paytm, Phone Pe and others.
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Google Pay
Google first introduced Google Pay in 2011 under the name Google Wallet. In 2015, it came to be called Android Pay, and since then, Google Wallet has started focusing on P2P (peer-to-peer) payments. In 2018, Google Wallet joined other payment offerings under the Google Pay brand.
Google Pay facilitates contactless payments and works with many payment providers and banks. Its website lists the banks supported by the system and does not charge any service fee for any online transactions it supports. To find out if your bank is compatible with Google Pay, you can check with your bank.
When you register for a transaction, Google Pay creates a unique and encrypted number without using your credit or debit card number. Even this virtual account number is removed if the screen lock is disabled on the user’s device. If you lose a device, you can use Google’s find my device service to wipe the sensitive information remotely. You can also sign in from some other device and remove the cards and bank accounts attached to it.
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Google Pay limits
If you are a Google Pay user, there are daily limits you must know. On Google Play, you can send only up to ₹1,00,000 in one day. The maximum number of transactions you can do in a day is 10. If you want to spend more money or make more transactions, you will have to wait till the next day.
How to increase Google Pay limit
To increase the amount of transfer or credit on Google Play, you must first contact the Google Play team. This can be done in two ways.
You may contact a Google representative with a request to increase the Google Pay limit. There are some ways in which Google representatives can help, and the concerned official will initiate the necessary action and will inform you.
If you reach the transfer or credit limit in a day, Google will send you a warning email if you have opted to receive payment-related emails. As the user of a verified payment receiving this warning mail, you can revert to the mail and request to increase the Google Pay limit. Once Google acts on your request, you will get a notification and see your credit or transfer limit increase.
