Google to launch mobile payment service in India: Report
Google Tez is expected to be launched as early as next week in India. Photograph: (WION)
Google is planning on introducing a digital payment service in India, according to a report from the India-based news site The Ken.
The payment service will be called Google "Tez" (fast in English).
Tez will offer payment options beyond existing ones like Google Wallet or Android Pay.
The Ken reported that Google Tez will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik.
Google launched its payment app Android Pay in the United States two years ago.
News reports now suggest Google wishes to make a big push in the Indian market too.
According to the Ken report, Google Tez may not be limited to India.
Google has registered trademarks for the service in at least Indonesia and the Philippines too.
India has become a hot favourite for tech companies to open up payment services in, with Uber, WhatsApp, Truecaller, and Flipkart set to join the list.