Google Joins Other Tech Majors In This $1T Market: Bloomberg

Alphabet Inc's GOOG GOOGL Google has collaborated with an Indian small lender, Equitas Small Finance Bank Ltd, to offer time deposits to users of its payments wallet Google Pay, Bloomberg reports.
A one-year deposit can fetch an interest rate of up to 6.35%.
Facebook Inc FB, Amazon.com Inc AMZN, and Xiaomi Corp XIACY are already racing to grab a pie of India's $1 trillion digital loan market.
Price Action: GOOG shares traded higher by 0.50% at $2,923.65 on the last check Wednesday.