Google Pay - Company Profile - Tracxn (2024)

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Google Pay - Company Profile - Tracxn (1)

Card-linked wallet for consumers

2015Mountain View (United States)Unfunded

Google Pay Key Metrics

Ranked

2nd

among 16 active competitors

Similar Companies

MOVii

& 56 more

Google Pay - About the company

What does Google Pay do?

Google pay is a card-linked wallet for consumers. It is a peer-to-peer transaction, allowing users to send and receive money. It also allows the user to do bill payments like landline bills, electricity bills, mobile recharge, and many more. It offers an app-based platform that is available on iOS and Android devices.

Which sectors and market segments does Google Pay operate in?

Company Details

Google Pay's funding and investors

How much funding has Google Pay raised till date?

Google Pay has not raised any funding rounds yet.

Who are Google Pay's investors?

There are no Institutional or Angel investors in Google Pay.

Google Pay's Competitors and alternates

Who are the competitors of Google Pay?

Top competitor

s

of

Google Pay

include

Bump, Loop and Facepay.

Google Pay

ranks

2

nd

among

16 active competitors.

2 of its competitors are funded while 2 have exited.

Overall,

Google Pay

and its competitors have raised over

$58.1M

in funding across

10

funding rounds involving

12

investors.

There are 2 acquired companies in the entire competition set.

Below is a comparison of top competitors of Google Pay

Google Pay - Company Profile - Tracxn (2)

Google Pay

Description

Card-linked wallet for consumers

P2P money transfer via smartphones using NFC technology

Mobile wallet provider.

Provider of face scanning technology to pay at merchant site

Founded Year

2015

2008

2012

2015

Location

Mountain View

(United States)

Mountain View

(United States)

Burlington

(United States)

San Francisco

(United States)

Company Stage

Unfunded

Acquired

Acquired

Seed

Unicorn Rating

-

-

-

-

Total Funding

-

$16.1M

$11.9M

$2.1M

Funding Rounds

-

2

3

2

Latest Round

-

Series B, $16M, Jan 11, 2011

Series A, Undisclosed, Jul 24, 2014

Seed, $605K, Mar 16, 2021

Investor Count

-

7

6

1

Top Investors

Tracxn ScoreWhat is this?

52/100

53/100

51/100

38/100

Overall Rank

2nd

1st

3rd

4th

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Looking for more details on

Google Pay

's competitors? Click

here to see the top ones

Google Pay's Investments and acquisitions

Google Pay

has made no investments or acquisitions yet.

Reports related to Google Pay

Here is the latest report on Google Pay's sector:

News related to Google Pay

Google Pay introduces Wallet featureMathrubhumiJun 09, 2023Google Pay

You can now transfer funds from the US to India using Google PayHindustan TimesAug 21, 2022Google Pay

Google Pay - Company Profile - Tracxn (8)Get curated news about company updates, funding rounds, M&A deals and others.

Sign up today!

Frequently asked questions about Google Pay

When was Google Pay founded?

Google Pay was founded in 2015.

Where is Google Pay located?

Google Pay

is located in

Mountain View,

United States.

Is Google Pay a Payments company?

The primary sector of Google Pay is Payments.

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Google Pay - Company Profile - Tracxn (2024)

FAQs

What is the company profile of Google Pay? ›

GOOGLE PAYMENT INDIA PRIVATE LIMITED is a Private incorporated on 12-01-2007. It is classified as a Non-govt company and is registered at RoC-Bangalore. Their state of registration is Karnataka. Its authorized share capital is 300000000.00 and its paid-up capital is 8024800.00.

What are two disadvantages of Google Pay? ›

Cons of Google Pay
  • Not available in every region, and not all businesses accept it.
  • Not compatible with iOS devices (Apple users can use Apple Pay instead).
  • Only works if your phone does, so you should carry a physical card as a backup in case your battery dies.
Apr 3, 2024

How safe is Google Pay from hackers? ›

Your Google Pay information is stored on secure servers in a safe location, and our team monitors it at all times. Important: If you think there's been a case of fraud or unauthorized activity in your account, contact us to report it immediately.

Why won't my Google Pay work? ›

If Google Pay isn't working make sure your card is set up correctly on your device. To make a purchase in-store, you need to have the NFC settings turned on in your device settings. Then open the Google Pay App and ensure your device screen is active. Purchases cannot be processed if the screen is inactive or locked.

What is Google's company profile? ›

Google LLC (/ˈɡuːɡəl/ GOO-ghəl) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI).

What is my Google Pay profile? ›

Any payments profile you create is associated with your Google Account. Your individual Google payments profile stores info like: The name, address, and tax ID, when required legally, of who's responsible for the profile.

How risky is Google Pay? ›

How safe is Google Pay? Google Pay protects your payment info with multiple layers of security, using one of the world's most advanced security infrastructures to help keep your account safe.

What is the difference between Google Wallet and Google Pay? ›

Google Wallet allows consumers to hold a wallet balance, send and receive money from friends in the United States, and use a plastic card in stores and online. Google Pay allows users to tap and pay in stores and use/redeem loyalty cards, gift cards, and offers in store.

Has Google company ever been hacked? ›

The most recent one happened in January 2023, when Google's cell network provider Google Fi confirmed a data breach, which allowed hackers to steal 37 million customers' data, including phone numbers, account status, SIM card serial numbers and other information related to details about customers' mobile service plans.

Why is Google Pay going away? ›

The app's discontinuation is part of a company strategy to simplify its digital payment options, by moving customers onto a more comprehensive solution — with Google Wallet storing digital items alongside payment cards and already boasting three times the user numbers of Google Pay.

Is Google Pay not working in 2024? ›

Starting on June 4, 2024, the U.S. version of the Google Pay app is no longer available for use. This change does not impact the Google Pay app in India or Singapore, nor does it impact Google Wallet. Learn more about Google Wallet.

Is it safe to add a credit card to Google Pay? ›

To protect payment information and reduce security risks, Google Pay uses tokenization to save your card. This process replaces sensitive information like a card number, expiry date, and CVV with a device-specific token. The token acts as a substitute value used to process payments.

Who is the owner of Google Pay? ›

Google Pay, also known as GPay, is a mobile payments application developed by Google.

Which company Google Pay belongs to? ›

Google Pay is a digital wallet and payment platform from Google. It enables users to pay for transactions with Android devices in-store and on supported websites, mobile apps and Google services, like the Google Play Store.

What is the organizational profile of Google? ›

Google is known for its cross-functional or matrix corporate structure. The approach entails assembling employees with diverse skills and functions. They collaborate on targeted projects or product development. In the Google organizational structure chart, a senior manager leads each cross-functional group.

Is Google Pay and PayPal the same company? ›

There are many similarities between these two popular payment services, but they're also quite different. Google Pay is primarily a mobile wallet (which also lets you shop online), while PayPal is an online payment service which has branched out into real-world payments via its digital wallet app.

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