Google Pay partners with ZestMoney
Google Pay has partnered with digital lenders and NBFCs to add lending to its payments business. The platform has partnered with digital lending startup ZestMoney, to begin with, and loans are available through the Google Pay Spot platform.
Google is looking to add other loan providers to the Spot platform with ZestMoney already live. ZestMoney has reportedly received several thousands of applications already. Users can register themselves on Google Pay, complete KYC norms and check their eligibility for a credit limit without having to go through the ZestMoney website or app.
ZestMoney allows customers to avail credit up to their eligible limit that can be used across 3,000-odd online and offline merchants including Mi, MakeMyTrip, Curefit, Myntra, Amazon and Flipkart.