Google has partnered with Western Union and Wise.
The indian user who is receiver, will receive the full amount that is sent from the US.
TechCrunch was the first one to report the news.

It does not have any support for business, so no transactions can be done for business in India.
At present, Google Pay is the most popular apps in India with a huge user base.
Here is how the feature will work.

Open that contact, and tap on Pay.

