Google Pay is a digital wallet platform that has transformed payment systems to meet the consumers’ needs. However, there is much more to the app than that is not so well-known and can make your experience even better. From sharing bills and expenses with friends, to transferring money to a loved one in another country, here are a few secret features that you should know. Here, we detail five hidden gems of Google Pay that you may not have heard of before.

Split Bills with Ease

Petty cash expenses such as bill sharing after a dinner or business trip sometimes turn out to be a difficult chore. What makes doing this easy is the Google Pay option that comes with the bill-splitting feature. You only need to input the total, select contacts, and the app splits it evenly or by the custom intervals. This one is self generating and can send payment reminders thereby avoiding the shame of asking for payment. This is ideal for use by flatmates, groups of friends or even in workplaces, ensuring people pay the proportionate amount for the bill.

Track Your Spending with Insights

Google Pay has a tool that allows users to monitor their spending, and it categorizes their expenses. It means that, from groceries to entertainment, it gives a summary of how the money is utilized every month. Available in the “Insights” section, this tool enables a better budgeting of your business. You can also export the data for further analysis. If personal finance and tracking spending is what you want to achieve then this feature makes Google Pay the perfect tool.

Send Money Internationally

Need to transfer funds abroad? Besides, it should be noted that Google Pay has integration with the services offered by Wise, previously known as TransferWise, and allows using them for international money transfers. As the exchange rates and fees are moderate, one can transfer money to more than 80 countries from the application. He does not require the services of a third party since one needs to connect the bank account, input the recipient details and complete the transaction. But again this is convenient for freelancers, expatriates, and anybody with families ranging his or her relatives back home in another country.

Applying NFC in Contactless Transit Payments

Google Pay is not limited to just a retail app, but it is already usable as a transit card. To pay with money, selfies can be made via tapping your cell phone at turnstiles in subway or bus terminals with Near Field Communication technology. How about travelling without having to take a transit card with you or to queue for tickets. You only have to turn on the phone screen, place it near the reader, and off you go. This innovation is found in many countries where people travel from one place to another in search of work or other activities, and thus, leads to faster means of transport.

Secure Your Payments with Tokenization

Security of the payments system is one of the most important aspects of making the transition to digital payments. Continuing our theme of security, Google Pay employs tokenization, which means that your card details are not used for a transaction; instead, there are tokens created for every transaction. One more advantage is that, even if the black hat has penetrated into a particular merchant’s system, your actual card number cannot be reached. It is also safety enhanced by the use of a fingerprint or a facial scan, among others. By doing so, Google Pay guarantees the privacy and security of your monetary information.

Conclusion

Google Pay is not just an app to store one’s money—it is much more than that as it is an all-in-one tool for managing your finances. Pre-sorted Institution regulations, transaction facilitation, effortless bill split, international transfers, and transit payments are some of the subtle features. It is therefore worth exploiting these lesser-known features to get the best out of the app and smoothen your transactions. So, here are the features, which one can use to benefit from the features of Google Pay today!