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Google is launching a mobile payment service in India

14 Septembre 2017

"We invite you to a press conference to share details on the launch of a new product developed grounds up for India", read an invite from the company, according to IANS.

Mumbai: Instant messaging app WhatsApp, owned by Facebook Inc, is mulling a foray into digital payment services in India, its first such offering globally, and has advertised to hire a digital transactions lead in the country. Beyond India's fast growing internet user base and phone sales, which have already made it the world's second largest smartphone market, the digital payments space is tipped to rocket to $500 billion per year by 2020 - that's according to a report from BCG and (dum dum dum...) Google.

On top of this, Tez - which is expected to launch as a standalone app - is said to support other payment services such as Paytm and MobiKwik.

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Google India has not responded to the report. In fact, google declined to offer any comment. It has been in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on its platform for quite some while now.

In a bid to increase its presence in Indian Consumer services, Google is looking to add this TEZ payment option in India. What is even more interesting a prospect, there seems to be sound probability of global expansion plans for Tez as well. Government filings obtained by the website show that the search engine giant also registered trademarks for Tez in Indonesia and the Philippines. Let's see what this development in the neighboring India entails for Pakistan.

Google is launching a mobile payment service in India