Google To Launch Payment App ‘TEZ’ in India

Google India is all set to launch a new payment app called ‘Tez’ next week in India.

The app will likely be launched at a press conference on 18 September in New Delhi by Caesar Sengupta, vice-president, Next Billion Users, Google, reported LiveMint.

Tez is a multi-layered app, according to The Ken, 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, according to The Ken report, 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.

The UPI-based service will be integrated into other applications, including e-commerce, mobility, over-the-top apps and Google’s own suite of apps, Play Music/Movies (for subscriptions) and Play Store (for paid downloads), reports The Ken.