Report: Google is launching a payment app in India next week

Business blog The Ken reported today that Google is gearing up to launch Tez, a cross-platform payments app, in India, as soon as next Monday. The app (whose name translates from Hindi to mean ‘fast’) is expected to feature a digital wallet where you can store currency, integration with India’s Unified Payments Interface (UPI) to allow for money transfers at no cost, and a simplified checkout system. It’s also said to support credit cards and third-party wallets like Paytm and Mobikwik. That sounds a bit like an India-specific version of Android Pay – but on steroids. Tez will apparently also…

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Source:: The Next Web – Technology

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