Google, in collaboration with indian banks gave out loans so as to woo tens of million new internet users in the country to its digital payment services

Caesar Sengupta, the Vice-President of Google’s Next Billion Users initiative and its Payments said

“Banks bring their financial capabilities, their understanding of the user, their customers. We bring our user experience, our ability to make complex processes extremely simple and very fast.”

Four Indian banks, Federal Bank ,HDFC Bank , ICICI Bank and Kotak Mahindra Bank already partnered with google in view to enhancing Bank-Customer relationship.