Google Pay, which is one of the biggest online payment service providers in India, has said that it would float a range of credit-focused products for consumers and merchants in India by joining hands with banks and non-banking financial companies (NBFCs).

During Google’s annual Google for India event in New Delhi, the company said it will offer sachet loans for merchants and consumers in

India, which can be availed on the Gpay app. The tech giant has partnered with

DMI Finance to provide the loan services.