Google soon to introduce digital payment app 'Tez' in India

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Other big player to join India's growing digital payment market is Facebook-owned WhatsApp.

Tez, Google's payment app, is expected to launch on September 18.

According to a report in The Ken, Tez is going to be similar to Google's global wallet offering - Android Pay.

Two years ago, the company had launched its payment app Android Pay in the United States. Other mobile messaging applications supporting UPI-based payment services in the world's second most populous country include WeChat and Hike Messenger.

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It will, be available both on the desktop, as a Chrome widget, and will be rolled out as an app on Google's Play Store or will be pre-installed on the operating system and introduced as part of future updates to the operating system. A recent report suggests that the app will be able to handle Unified Payments Interface.

Also, the largest instant messaging mobile app - WhatsApp, is also reportedly launching a peer-to-peer payments service. Google India stated with regard to the launch stated "Because fast is better than slow". The app will also be integrated into other apps to allow easier payments. The trademark application also talks about NFC technology, so I believe that the Google will be including the contact-less payment support using NFC in Tez. Quartz says the company will be hosting a press conference to announce "the launch of a new product developed grounds-up for India" on September 18. Android Pay has enjoyed considerable success in the USA, but has yet to branch out into other countries.

If it goes as is anticipated, Tez is going to be a dedicated app.