Google plans to introduce a localized 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 launched its payment app Android Pay in the United States two years ago.
Google, Facebook Inc. 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.