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
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Rules Changing from June 1: Aadhaar card update, driving license, LPG price and others - Check Full List
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Gold and Silver rate today (May 30, 2024): Precious metal futures trade in red; yellow metal near Rs 72,000, white metal falls by nearly Rs 1,500
Top 5 Defence PSU Stocks: Investors buying 1 unit of top PSU defence stock a month made Rs 40,299.40 on Rs 23,003.25 investment in 1 year
05:31 PM IST