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

Blood Collection Tubes Market Growth, Trend, Demand and Future Forecast 2018-26
Healthcare
Healthcare

Blood Collection Tubes Market Growth, Trend, Demand and Future Forecast 2018-26

Albert R - September 19, 2018

Coherent Market Insights has announced the addition of the “Blood Collection Tubes Market Size Status and Forecast 2026”, The report classifies the global Blood Collection Tubes Market…

Pet Health Products Market: Know the Key Growth Drivers Developments and Innovations
Healthcare
Healthcare

Pet Health Products Market: Know the Key Growth Drivers Developments and Innovations

Albert R - September 19, 2018

Coherent Market Insights has announced the addition of the “Pet Health Products Market Size Status and Forecast 2026”, The report classifies the global Pet Health Products Market in a…

Researchers Discover New Material for High-Speed Electronics
Business
Business

Researchers Discover New Material for High-Speed Electronics

Mohit Joshi - September 18, 2018

Researchers discovered a new material from the rare element tellurium for high-speed electronics, according to a study conducted on May 24, 2018. This study was conducted by…

Most from this category