Google goes big in Asia with mobile payment app for hundreds of millions of people
Google is going big into Asia’s mobile payment scene.
“Tez” which means fast in Hindi, lets users link up their bank accounts to their phones, allowing them to use the app to pay merchants in stores, and instantly transfer money to friends.
Google’s app isn’t just another of the many mobile payment apps out there. To make Tez count, Google made sure it worked with India’s national Unified Payments Interface (UPI), a payment system backed by the government and 19 major banks in the country.
Photo courtesy of Institute for Money, Technology and Financial Inclusion.