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More Than 5 Million Users Have Now Downloaded Google’s Digital Payment App ‘Tez’

"Tez" 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

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Within 24 hours of 'Tez' being launched, Google saw nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users. pixabay

New Delhi, October 11, 2017 : Google’s digital payment app ‘Tez’ that was launched in India on September 18 has been downloaded five million times on Play Store.

Within 24 hours of ‘Tez’ being launched, Google saw nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users.

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.

According to the National Payment Corporation of India (NPCI), the number of transactions on UPI has crossed three crore in September.

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

The number of transactions on UPI platform increased to 3.07 crore in September as against 1.66 crore in August — an increase of 85.32 per cent.

Of the 3.07 crore transactions, BHIM’s share was 76.03 lakh — a market share of nearly 24.7 per cent.

“Tez” 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.

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

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More Digital Content in Regional Languages Will Boost India’s Digital Economy: Google

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Within 24 hours of 'Tez' being launched, Google saw nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users. pixabay

New Delhi, Sep 27, 2017: Building more digital content in regional languages will give a major boost to India’s bid to become a $1 trillion digital economy, Google India said here on Wednesday.

“If we do not allow Internet to build local language elements, I think the story could go completely haywire. There are 400 million Internet users in India and out of those, 234 million are local language users. The number is expected to go to 536 million by 2021,” Chetan Krishnaswamy, Country Head, Public Policy, Google, told reporters on the sidelines of the ‘Indian Mobile Congress (IMC) 2017’ here.

“The industry needs to focus on this aspect and ensure that content in local languages becomes a reality, and the technology and products are optimised to ensure that Internet becomes inclusive. The idea is that it doesn’t only remain for the English-speaking elite,” Krishnaswamy added.

Google has been upbeat about India’s digital economy.

Earlier this month, the company launched “Tez” — its standalone digital payments app that can be downloaded on Android and iOS devices.

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

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

“Our belief is that by 2025, the digital economy would be able to hit $750 billion-1 trillion mark. It is not unattainable. Currently, the digital economy contributes to seven per cent of the GDP and by 2025, it should be around 17 per cent of the GDP,” Krishnaswamy said.

According to a recent report from Google and KPMG India, Indian language users have overtaken English language on the Internet in the country.

Tamil, Hindi, Kannada, Bengali and Marathi speaking users have the highest adoption online services, followed by Telugu, Gujarati and Malayalam. (IANS)

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Chinese internet service providers started blocking access to WhatsApp.

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Whatsapp messaging platform
Image: IANS

San Francisco, Sep 26 (IANS) Instant messaging service WhatsApp has been largely blocked in China, the media reported.

The Open Observatory of Network Interference (OONI), a global observation network for detecting censorship, surveillance and traffic manipulation, suggested on Monday night that Chinese internet service providers started blocking access to WhatsApp on September 23, reports CNN.

Public reports on Twitter indicated that WhatsApp, which is owned by the US-based social media giant Facebook, became inaccessible for some people on September 19.

Over the last few months, there were a number of WhatsApp disruptions in China.

However, WhatsApp has not made an official announcement on the development.

China has already blocked access to a number of internet companies, including Facebook, Instagram, Twitter and Google.

Some people access these services through virtual private networks (VPN), or with tools that disguise internet traffic to circumvent censorship. But the Chinese government has launched a crack down on VPNs this year.

According to Timothy Heath, senior international defence research analyst at the RAND Corporation, the Chinese government does not like that WhatsApp uses strong encryption.

“The government wants to monitor internet communications, and therefore it’s trying to steer its people to use technology that can be accessed and monitored by the government,” Heath told CNN.

Earlier this month, WeChat, a popular chat service in China, notified users of its policies to comply with government requests for information. (ians)

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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

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)