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SBI, Tez focus on growth of digital payments ecosystem


SBI, Tez focus on growth of digital payments ecosystem

New Delhi, Feb 28 (ANI): Technology giant Google on Wednesday announced a deeper integration with State Bank of India (SBI) for its mobile payments app, Tez. The integration will allow Tez users to now create SBI Unified Payments Interface (UPI) id - @oksbi and get access to exclusive offers for SBI customers.

The two will focus on building unique propositions for users and merchants including specially curated offers. Tez, since its launch in September 2017, has processed over 250 million transactions and has over 13.5 million monthly active users, across India, from the major cities to Kashmir and Kanyakumari.

The platform is built on the Indian government-supported UPI, allowing users, free of charge, to make small or big payments straight from their bank accounts to the accounts of others from over 70 UPI enabled banks.

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