Google, Muthoot Finance tie up to provide gold-backed loans through GPay

Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay.

Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available in Hindi, and later eight more Indian languages will be included.

These announcements were made by the company officials at the 10th edition of 'Google for India' event here.

GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India.

People across India can now access this credit product, with affordable interest rates and flexible usage options--delivering flexibility to the borrower, and security to the lender, Google said.

As regards AI assistant Gemini Live, Hema Budaraju, Senior Director, Product Management, Google India, said that over 40 per cent of the Gemini users rely on voi