Google launches mobile wallet and payments app 'Tez' in India

Posted on:18 Sep 2017 12:47:52
Google launches mobile wallet and payments app 'Tez' in India
18 September 2017 Current Affairs: Google launched a mobile wallet and payments app 'Tez' in India that will let users link their phones to their bank accounts to pay for goods in physical stores and online.

It is available for both Android and iOS users, the app also allows person-to-person money transfers.

Google linking up with several major banks in the country by way of UPI (Unified Payments Interface) a payment standard and system backed by the government in its push to bring more integrated banking services into a very fragmented market.

The Supported banks include Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI.

Online payment partners include large food chains like Dominos, transport services like RedBus, and Jet Airways and to help address one of the many ways that the Indian market is fragmented, the app has support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.

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