Google's New Mobile Payment Application

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Google on Monday is likely to announce its UPI-based payment solution for India, joing global internet firms such as Truecaller in tapping the the government-backed payment standard to develop its FinTech play in the country.The Internet search giant had been working closely with the National Payments Corporation of India to develop its UPI payments service, and for the past month had been waiting for an approval from Reserve Bank of India to launch its service here. Google's new payment solution is expected to be baked into its Android Pay application, that allows customers to pay for products on the web, at retail stores and within its own application ecosystem. The company is partnering with several banks to enable payments through UPI in India.Online media startup The Ken reported on Thursday that the application will be named Tej. Google's chief rival Facebook is also working on integrating payments through UPI in India. The company's messenger app WhatsApp too is currently ...