Google Pay starts offering ‘digital gold’, mutual funds coming soon

Bengaluru: Google is adding more services to its payments app, Google Pay, in India as it tries to attract its next billion users. The US search giant on Wednesday introduced an option to purchase “digital gold” on its platform. It is also looking at launching other wealth management products, including mutual funds, said two people familiar with the matter, requesting anonymity.

However, when contacted, a Google Pay spokesperson declined to comment on the company’s plans.

“Google’s biggest focus this year is to further establish its payments platform Google Pay,” said the first person cited above. “The company is adding more use cases to the platform and is tinkering with the idea of adding mutual funds, insurance, etc.”