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Google debuts Tez, a mobile payments app for India

Google debuts Tez, a mobile payments app for India After  several weeks of speculation  and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched  Tez , a new mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers. “Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment app for India,” Google notes in its information portal about the new app. Tez is launching today on  iOS  and  Android  in the country and will see Google linking up with several major banks in the country by way of UPI (Unified Payments Interface) — a payment standard and system backed by the govern...