(Reuters) - Alphabet Inc's Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.
The payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said. http://tcrn.ch/2xlXLiO
Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.
Google did not comment on the report, but sent a media invite for the launch of a new product for India on Sept. 18.
Google, Facebook Inc and WhatsApp Inc were in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.
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The internet giant launched its payment app Android Pay in the United States two years ago.
(Reporting by Tanvi Mehta in Bengaluru and Sankalp Phartiyal in Mumbai; Editing by Gopakumar Warrier)
Disclaimer: No Business Standard Journalist was involved in creation of this content
