Aiming to make Google Pay more useful for India based users, Google announced its partnership with MMTC-PAMP India for purchasing and selling precious gold through the app. MMTC-PAMP India Pvt. Ltd is a globally recognized metal and mining service provider. Google Pay users would be able to purchase 99.99 %, 24 karat precious gold after this partnership with India’s only LBMA accredited precious gold refinery.
With this, Google Pay users can buy valuable gold for any value that will be stored in secure vaults on their behalf by the MMTC-PAMP. The users can purchase and sell gold any time at the newest price, refreshed every few minutes, as displayed on the Google Pay application.
“Gold metal is core to Indian tradition, making India the world’s 2nd largest consumer of this metal. Keeping this in mind, company introduced gold purchasing and selling feature on Google Pay for Indians who can purchase gold right from their mobile.