New Chrome for iOS and Android will help reduce data usage by 50%

Google is planning to launch a new version of Chrome for iOS and Android, which will include an optional setting to reduce the browser's data usage by up to 50%. 

Chrome's reduce data usage feature works by compressing webpages on Google's servers before sending them down to the phone, the Verge reports.

According to the report, the update should be available within the next few days and the users will be able to set the feature from Chrome's settings menu.