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

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Google launched Tez app
Google CEO Sundar Pichai. Wikimedia
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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)

 

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Google discloses security flaw in Microsoft Edge

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Google detected a flaw in Microsoft Edge. Wikimedia Commons
Google detected a flaw in Microsoft Edge. Wikimedia Commons
  • Google has detected a flaw in Microsoft Edge
  • The advantage can be cashed in by the hackers
  • Microsoft will correct the flaw soon

Google has made public the details of a medium-level security flaw in Microsoft Edge browser whose patch is still not produced.

The vulnerability was first discovered in November 2017, by the search giant’s Project Zero.

Microsoft Edge Browser has flaw which can be used to the advantage of hackers. Wikimedia Commons
Microsoft Edge Browser has flaw which can be used to the advantage of hackers. Wikimedia Commons

According to Engadget, taking advantage of the flaw, hackers could bypass Microsoft Edge’s existing security measures to inject malicious code into a victim’s computer.

Google, through its Project Zero, notified Microsoft about a bug in November, giving the company the usual 90-day disclosure deadline.

Also Read: Google expunges ‘view image’ button

With the three-month deadline over, the team of security analysts employed by Google tasked with finding zero-day vulnerabilities — Project Zero –went public with the details of the security flaw.

Google notified of the flaw via its Project Zero. Wikimedia Commons
Google notified of the flaw via its Project Zero. Wikimedia Commons

The search giant granted a 14-day extension to Microsoft after it said that the problem was complex and it needed more time to fix it.

But, Microsoft even missed the second deadline to produce the patch of the vulnerability. However, given Edge’s small market share, the security issue was unlikely to affect too many people though it is still embarrassing for the company.