Google Announces New Initiatives to Support Local Businesses in India

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Google on Thursday announced multiple initiatives to support small businesses across India including the expansion of Nearby Stores feature. According to Google, the company has “consistently invested in programs and solutions that remove the barriers that come in the way of small and medium businesses benefitting from the Internet.” However, Google said that the ongoing COVID-19 pandemic and the lockdowns have increased the need for many small and medium businesses to switch to digital platforms “to minimise the disruption.” The company in a release provided an update on its programs that Google said would aid the small businesses “make the transition to the digital economy.”

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Google Set to Introduce Loan Offerings for Businesses, Expands Nearby Stores Features

Google said that Google Pay for Business has now over three million businesses onboard its app. The company said that the businesses can soon avail loans within the Google Pay for Business app as Google is working with its financial institution partners to “soon” introduce the feature.

“We’re also working with our partner financial institutions to surface their loan offerings for merchants, which can be availed right within Google Pay for Business app, something that is especially pertinent in these uncertain times,” Google said in a release. “We will make this offering live soon.”

The company said that the features on Google Pay including video verification enables small businesses to seamlessly adopt digital payments platforms.

Meanwhile, Google said that the Nearby Stores, a feature that enables local businesses to get discovered on Google Maps will be expanded across India.