Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Google to launch mobile payment service in India - report

An attendee interacts with an illuminated panel at Google stand during the Mobile World Congress in Barcelona, Spain, March 1, 2017. REUTERS/Paul Hanna

(Reuters) - Alphabet Inc's Google <GOOGL.O> 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. http://tcrn.ch/2xlXLiO

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 Sept. 18.

Google, Facebook Inc <FB.O> and WhatsApp Inc 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. [nL4N1K21II]

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)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.