With over 28 billion transactions processed in 2021 alone, India has been generating tremendous amounts of financial data since the inception of the UPI in 2016. This exponential increase in the generation of data has led to the formation of several fintech companies like Phonepe, Bharatpe and Paytm.
Not only this, but Silicon Valley giant Google also entered the India fintech ecosystem back in 2017 with its application Tez (currently Google Pay).
Due to the enormous competition in the UPI payment processing ecosystem, Google came up with the concept of referrals to increase its market share.
This article will talk about the referral feature on Google Pay and how you can earn up to 100 referral rewards using the same.
Also read: How to fix or-ccseh-05 error on Google Pay?
What is the referral feature on Google Pay?
When it comes to customer accusation, marketing can only take you so far, and when you are in a competitive market like India, you have to think out of the box, which Google did with its referral approach.
Like any referral scheme, the app pays both the invitee and the inviter when a certain number of conditions are satisfied.

So how much does each party get in this referral scheme that Google offers? Well, the answer is quite simple.
For every person you invite to Google Pay, you get Rs 201, and the invitee gets Rs 21. After that, the inviter gets Rs 101, and the invitee receives the same Rs 21.
What’s important to note is that Google does not transfer this money in wallets like other platforms, and the amount is credited directly into your bank account.
Rewards will be credited to your back account within 7 days and you can contact Google support if you didn’t receive the reward after 7 days.
Also read: Why is my Google Pay not working? 5 Fixes
What are the terms and conditions for getting the referral offers on Google Pay?
Although inviting someone to Google Pay is relatively straightforward, both parties must meet several conditions to get the amount in their bank accounts. A brief overview of the requirements is given below:

- The invitee should use the referral link sent by the inviter to install the app from Google Play Store or the App Store.
- The invitee should use the referral code before making their first payment to an external bank account.
The invitee should be a first time Google Pay user and should not have installed the app on their system prior to installing it using the referral link.
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How to earn money using a referral code on Google Pay?
The process of earning money using referral links on Google Pay is quite simple, and the process for both the parties is given below:
The inviter
If you already have Google Pay on your device and want to earn some extra cash by referring your friends, you can follow the steps given below:

- Click on the profile icon in the application.
- Click on Share next to Invite friends, get rewards.
- Select how you want to share the link.
Once you have shared the link, the invitee must use the same to download the Google Pay application.
The invitee
Once the invitee gets the referral link, they have to click on the same and install Google Pay after getting redirected to the App Store or the Play Store.
Once the application is installed, they need to follow the steps given below:

- Click on the profile icon in the application.
- Click on the three dots in the top right corner.
- Click on the Referral code.
- Enter the referral code in the dialogue box and click on make payment.
Now you can make a payment to any external bank account, UPI ID or business, and once your first transaction is successful, both you and the inviter will get the referral money in your bank accounts.
Also read: How to transfer money from Paytm to Google Pay and vice-versa?