Google launches Tez payment app in India, offers users Rs 9,000 per year as reward
Hours before its formal unveiling, Google Tez, a new payment app specifically made for India, is available in the Google Play store. Tez is Google's payment app for India, which uses the UPI interface to connect to a user's bank account and for transactions. The app, which is going to go head to head versus the popular apps like Paytm and BHIM, may give Google a share of India's growing e-payments market. Although before Tez could be called a success, it will have to overcome challenges that are specific to India's e-payment market. Update: Tez app formally launched. Currently, Tez supports 55 Indian banks including popular ones like the ICICI Bank, State Bank of India and HDFC Bank.The app is available in English as well as in seven other Indian regional languages. It is for now available for both iOS (read iPhone) and Android. Although there are a number of other UPI-based apps in India right now, Google is offering several new features in Tez, including ...