Saturday July 21, 2018
Home India A Step Toward...

A Step Towards Digital India- Google Launches Digital Payment App ‘Tez’ in India

0
//
80
Google launched Tez app
Google CEO Sundar Pichai. Wikimedia
Republish
Reprint

New Delhi, Sep 20, 2017: A day after Google launched its new digital payment app “Tez” in India, the company’s Indian-born CEO Sundar Pichai on Tuesday tweeted it will help India move closer to digital transformation.

“We hope that the launch of @TezByGoogle will help take India one step closer to your vision of @_DigitalIndia,” Pichai tweeted.

Finance Minister Arun Jaitley who launched the app here had said the idea of “Tez” was discussed by Pichai in January, just after demonetisation.

“Google saw a great potential in Indian economy and businesses,” Jaitley said, adding that Google’s new digital payments app over the next few months was likely to make major advances in digital transaction volumes.

Built on the Indian government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts.

The app was built for India, working on the vast majority of the country’s smartphones and available in English and seven Indian languages (Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu).

The app works in partnership with four Banks — Axis Bank, HDFC Bank, ICICI Bank and State Bank of India — to facilitate the processing of payments across over 50 UPI-enabled banks.

According to D D Mishra, Research Director, Gartner, Tez provides promising features which are in-line with the requirements.

Also Read: Google, Twitter enable advertisers to reach racists: Reports 

“It is too early to say whether it can be a game changer as evolution in this business is going to continue, but yes it has the capabilities to bring some disruption as of now,” Mishra said in a statement.

Moreover, Google’s information about an individual’s preferences can play a good role in enabling the business to know their preferences and provide offers with interesting options.

“The mobile wallet industry too is evolving and we are at an interesting stage in this competition. Eventually, UPI payments will have an upper hand if it continues to remain free and provide better security, convenience and add more Value Added Services,” Mishra informed. (IANS)

 

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

Google Maps: India Based ‘Two-Wheeler’ Feature Launched to Whole Asia

The new travel mode in Google Maps is seen alongside Drive, Train or Bus and Walk alternatives.

0
Google
Google, while announcing this at an event in Thailand, did not elaborate when this option would be available on iOS devices as well as reach Western markets. Pixabay

The “two-wheeler mode” in Google Maps that first arrived in India last December has been extended to Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand and Vietnam.

To be first available for Android users, the motorcycle-specific navigation will help bikers find the most suitable routes in these countries, The Verge reported late on Thursday.

“The goal is for drivers to read through the directions first to help memorise the path before they start navigating, especially since these countries tend to contain roads and alleyways without actual names,” the report said, quoting Krish Vitaldevara, Google Maps’ Head of Product.

Google, while announcing this at an event in Thailand, did not elaborate when this option would be available on iOS devices as well as reach Western markets.

Google
In December, Google incorporated navigation routes for two-wheelers with Voice Assistant capabilities in its Maps feature in India.

In December, Google incorporated navigation routes for two-wheelers with Voice Assistant capabilities in its Maps feature in India.

The new travel mode in Google Maps is seen alongside Drive, Train or Bus and Walk alternatives.

“The India-first feature is the new “two-wheeler mode” in Google Maps. India is the largest two-wheeler market in the world, and the millions of motorcycle and scooter riders have different navigation needs than drivers of automobiles,” Caesar Sengupta, Vice President, Next Billion Users Team at Google, had said during the launch.

Also Read-Google Rolls out ‘Maps’ Updates Globally

Two-wheeler mode in Maps shows trip routes that use “shortcuts” not accessible to cars and trucks.

It also provides customized traffic and arrival time estimations. (IANS)