Google Pay is booming in India, the world's largest untapped digital market
NEW DELHI—The leading player in the battle for mobile payments in India isn’t either of China’s pioneers, Alibaba Group Holding Ltd. or Tencent Holdings Ltd. It isn’t Apple Inc., Visa Inc. or even PayPal Holdings Inc. It’s Google.
The Alphabet Inc. unit has for years tried to diversify its revenues beyond advertising by pushing into new fields like cloud computing and hardware. While its profits remain healthy, it needs new ways to make money as the specter of regulation looms at home and around the globe. Its booming new...
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