Google Pay to enter wealth management services with ‘Gold Account’

 Google is readying a service that will allow Indians to buy gold on its mobile payments app Google Pay.
Launched as Tez in September 2017, and rebranded as Google Pay a year later, the app currently allows peer-to-peer and peer-to-merchant payments.
The plan is to launch ‘Gold Account’ — a gold-linked savings scheme — for users to purchase gold at prevailing market prices, maintain gold balance virtually and redeem at a later stage as gold coins or cash.
The move would mark the entry of Google Pay into wealth management services.
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