Use Google's UPI-based payment solution 'Tez' starting next week

Firm to partner with several banks to help users make online, offline payments via mobile app

Google is likely to announce its UPI-based payment solution for India on Monday. The application would be named Tez, according to online media start-up The Ken. 

With Tez, Google would join global Internet firms, such as Truecaller, in tapping the government-backed payment standard to develop its FinTech play in the country.

The Internet search giant had been working 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 for a launch. 

Google’s new payment solution is expected to be baked into