Google Tez: How the payments app is different from Paytm, PhonePe

It does away with the need to enter bank account details and codes or waiting for a beneficiary to be added, reports Tech In Asia

Google on Monday entered the Asian mobile payments fray with the launch of a new app in India called Tez, which means ‘fast’ in Hindi. It has also registered the trademark in Indonesia and the Philippines, suggesting that an expansion across Asia is imminent.

Tez rides on India’s government-backed unified payments interface (UPI) – hence it’s a huge endorsement of the public digital infrastructure that started rolling out in the country last year.

UPI enables instant mobile payments between multiple banks on a