Google to launch digital payment app 'Tez' in India next week

Google is all set to launch digital payment app in India. Reports are saying that it is planning 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.

This payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said.This project also gives impetus to governments ambitious project Digital India.

Tez which is a Hindi word means 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.

Two years back in the United States Google launched its payment app Android Pay.According to the Ken, this is a multilayered app, that will offer a comprehensive set of payment options in India.

It will include support for Unified Payments Interface (UPI), a single-window mobile payment system launched by the National Payments Corporation of India (NPCI) as well as other consumer payment services, including Paytm and MobiKwik.

It will, be available both on the desktop, as a Chrome widget, and will be rolled out as an app on Google’s Play Store or will be pre-installed on the operating system and introduced as part of future updates to the operating system.