Google Plans To Expand Tez outside India in Near Future

Google-Plans-To-Expand-Tez-outside-India-in-Near-Future

Technology giant Google announced on April 3, 2018, that it will be expanding its payment system Google Tez to shortlisted emerging countries in Asia

UPI payment app of Goggle, Tez which was launched in September 2017 is competing with mobile payment giants such as Alibaba and Paytm. It operates by connecting user’s bank account and works with the United Payments Interface, so it integrates with any bank in the region that supports UPI. In addition to sending money, there’s Tez Shield, an always-active security feature designed to prevent fraud or hacking. The app has around 14 million users in India. Now the company plans to explore new markets depending upon conversations progress in the next few months, according to the company.

Furthermore, the company revealed that they initially looked across Latin America, the Middle East and Africa, the markets identified by the next billion user’s initiative. Economies with low credit card penetration and limited access to near-field communications systems are the most lucrative markets to the company. Recently, company integrated chat option in the Google Tez application and is slowly rolling it out to its 13.5 million active users, taking the competition directly to WhatsApp. The payment application operates on the Unified Payments Interface railroads and now it will allow consumers to not only send money to each other but also open up an option for conversation around the transaction.

You may be interested

Smart Nanotechnology Enlivens Wooden Ships and Artifacts
Business
Business

Smart Nanotechnology Enlivens Wooden Ships and Artifacts

Mohit Joshi - January 28, 2019

Scientists developed an innovative approach using ‘smart’ nanocomposites to conserve 16th-century British warship, the Mary Rose, and its artifacts. Shipwrecks are preserved in sediments under cold water,…

Researchers Discovered New Properties of Ferroelectric Crystal
Business
Business

Researchers Discovered New Properties of Ferroelectric Crystal

Mohit Joshi - January 25, 2019

Researchers discovered new properties of ferroelectric crystal, according to a study published on July 10, 2018. This study was conducted by a team of researchers from China.…

Researchers Develop Novel Antibody to Knockdown of Protein in Vertebrates
Healthcare
Healthcare

Researchers Develop Novel Antibody to Knockdown of Protein in Vertebrates

Mohit Joshi - January 24, 2019

Researchers from Technische Universität Dresden developed a synthetic antibody that improves functional analysis of proteins. A research led by Dr. Jörg Mansfeld of the Biotechnology Center of…

Most from this category