Google is investing more in India for its R&D. Now they have plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken.
The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing, will include support for Unified Payments Interface (UPI) — a payment system backed by the Indian government — and other consumer payment services including Paytm and MobiKwik. Apparently it will be a dedicated app when it arrives.
As you can see, the tweet says the service is set for launch in India coming Monday, which is September 18. Reports say the service will arrive as a dedicated app, and Google also has plans to launch ‘Tez’ in other Asian markets as well, including Indonesia and the Philippines.