Google to install digital payment services in India

New Delhi : Pushing Digital India move, Google will be launching a digital payment service in India by next week. The online payment service will be called 'Tez', reports The Ken.

Tez, which means fast in Hindi, will take its cue from Google's global product-Android Pay (earlier called Google Wallet).

“On Monday, 18 September, Google, Alphabet Inc’s subsidiary, will make an entry into India’s fast growing and super competitive digital payment ecosystem”, a report by The Ken stated.

According to more media reports, it has been learned that Tez will also support government based UPI payment system along with private payment services including Paytm and MobiKwik.

A similar service with the name of Android Pay was launched in the United States of America about two years back and was an instant hit.