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Google to launch UPI-based mobile payment service 'Tez' in India: Report

Reuters/ 14 Sep 17 | 11:04 AM

Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.

The payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said. 

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Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.

ALSO READ: Now, Google lets you translate English street signs to 7 Indian languages

Google launched its payment app Android Pay in the United States two years ago.

A spokesman for Google in India did not immediately respond to a request for comment.

Google, Facebook Inc and WhatsApp Inc were in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.

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