A further £2.5m is expected to be raised from crowdfunding on Tuesday.
Yet more Google technology is infiltrating the payments industry.
The new feature appears closer to being fully functional than previous rumours had suggested.
Favourable regulation, a lack of legacy systems, and growth in smartphone adoption is fuelling the pace of change in the Indian payments market.
A Juniper Research report is predicting a 32% increase in mWallet payments in the next 12 months.
Google has changed its hands free payments approach after ditching voice recognition payments tech earlier this week.
PayPal is currently marginally second in alternative payments adoption rate, and Android Pay is set to be the biggest mover in the market.
The payments tech company has secured $44m in its latest Series B round of funding.
New research shows that the number of cash withdrawals worldwide grew by 10% in 2015, the fastest rate since 2011.
The Swedish unicorn is acquiring the profitable payments company for £60m.