Google Pay may be sharing your payment details with 3rd parties

BENGALURU/NEW DELHI: Internet search engine giant Google, which last year entered India’s booming digital payments business, has said it may share the payments data of customers with third-party service providers, according to a clause in Google Pay’s privacy policy.

The company has however denied that it shares user data for monetization purposes such as advertising and said it has updated its privacy policy accordingly.

Google recently rebranded its digital payments app Google Tez to Google Pay, which like Whatplatform. sApp’s payments service is also based on the Unified Payments Interface (UPI).

“You hereby expressly consent to and permit Google, group companies and the payment participants to collect, store, disclose and share your information with each other or other third party service providers for the purpose of providing Google Pay Services either through the Google Pay App or any other Such information may include but will not be limited to your personal information such as your name, address, Google account or payment instruction details, all transaction details, any communication made through Google Pay or message that you send with the transaction or information with respect to third parties and the recipients,” according to a clause in Google Pay’s privacy policy.

Google, however, strongly denied it monetizes the payments data of users by selling it to advertisers of Google Pay and clarified that it does not use individual UPI transactions for “any monetization purpose.”

GOOGLE HAS HOWEVER DENIED THAT IT SHARES USER PAYMENT DATA FOR MONETIZATION PURPOSES SUCH AS ADVERTISING