Google to launch mobile payment service in India: Report

Google to launch mobile payment service in India: Report

REUTERS: Alphabet Inc's Google plans 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.

The payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said. 

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 Sep 18.

Google, Facebook and WhatsApp 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.

(Reporting by Tanvi Mehta in Bengaluru and Sankalp Phartiyal in Mumbai; Editing by Gopakumar Warrier)

Source: Reuters

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