Google to Launch Mobile Payment Gateway Service in India
Alphabet Inc’s Google plans to introduce a localized digital payment service in India as early as next week.
The payment service, called Google ‘Tez’, will offer payment options beyond the existing ones like Google Wallet or Android Pay.
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.