Google to launch TEZ mobile payment service in India on Monday
According to an official communication Finance Minister Arund Jaitley said that Google's payment service Tez will launch on Monday.
Key highlights:
- Google will launch its payment app 'TEZ' on Monday
- Finance Minister Arun Jaitley will launch this payment app on September 18 in Delhi
- In July, the NPCI had said Google had completed the testing of its UPI payment service
Tech giant Google will launch its payment app 'TEZ' on Monday as it seeks to cash in on the growing digital payment segment in the country.
Finance Minister Arun Jaitley will launch this payment app on September 18 in Delhi, according to an official communication sent by the finance ministry.
In July, the National Payments Corporation of India (NPCI) had said Google had completed the testing of its UPI payment service and was awaiting Reserve Bank of India's approval to launch its service in the country.
Google has also sent out invites for the event to "share details on the launch of a new product developed grounds up for India".
Tech majors like WhatsApp and Facebook are also engaged in dialogue with the NPCI, a body set up to promote retail payment, UPI-enabled payment on their platforms.
UPI allows consumers to transfer money from one bank to another using a virtual address. There is no need of account number, IFSC code or MMID to carry out the transfer.
ALSO READ:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Mutual Funds With Highest SIP Returns in 1 Year: No.1 fund has converted Rs 21,000 monthly SIP into Rs 3,42,126
Top 10 Large Cap Mutual Funds With Highest SIP Returns in 5 Years: Rs 12,500 monthly SIP in No. 1 fund has turned into Rs 19.11 lakh; what others have done
Navratna PSU stock remains analysts' long-term favourite; brokerage's Rs 303 target implies 17% upside
SBI 5-year FD vs Physical Gold: Which investment has given higher return on Rs 5 lakh investment in 5 years; see calculations
Latest SBI Senior Citizen FD Rates: What are expected returns on investments of Rs 6 lakh, Rs 11 lakh, Rs 16 lakh, or Rs 21 lakh in 1, 3 or 5-year fixed deposit schemes
05:31 PM IST