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Google to launch mobile payment service in India - report


(Reuters) - Alphabet Inc's plans to introduce a localised payment service in as early as next week, technology website TechCrunch reported, citing a report from site The Ken.

The payment service, called 'Tez', will offer payment options beyond the existing ones like Wallet or Android Pay, the report said.

Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.

did not comment on the report, but sent a media invite for the launch of a new product for on Sept. 18.

Google, Facebook Inc and WhatsApp Inc were in talks with the National Payments Corporation of (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.

The internet giant launched its payment app Android Pay in the United States two years ago.

(Reporting by Tanvi Mehta in Bengaluru and Sankalp Phartiyal in Mumbai; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 12:58 IST