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Google Pay net jumps 83% to Rs 33 lakh

The firm also reported a jump of 100% in its net revenue, which has reached Rs 3.8 crore against Rs 1.9 crore a year ago.

ET Bureau|
Last Updated: Oct 24, 2019, 09.23 AM IST|Original: Oct 24, 2019, 09.23 AM IST
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Google offers UPI-based mobile payments in India and payment services for multiple paid products on its platforms Play Store and YouTube.
BENGALURU: Google Payments India, which houses the payments business of Google, has reported a net profit of Rs 33 lakh, a jump of 83% from Rs 18 lakh reported a year before, according to filings with the Registrar of Companies, accessed through business intelligence platform Tofler.

The firm also reported a jump of 100% in its net revenue, which has reached Rs 3.8 crore against Rs 1.9 crore a year ago. While its revenues shot up, its expenses also grew to Rs 3.3 crore against Rs 1.7 crore last year. Google offers UPI-based mobile payments in India and payment services for multiple paid products on its platforms Play Store and YouTube.

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