Google to launch mobile payment service in India: report
Thu Sep 14 2017
Eric Whitman (223 articles)

Google to launch mobile payment service in India: report

Alphabet Inc’s 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. tcrn.ch/2xlXLiO

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.

Google did not comment on the report, but sent a media invite for the launch of a new product for India on Sept. 18.

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.

The internet giant launched its payment app Android Pay in the United States two years ago.

 

Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London

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