Google’s payment app for India ‘Tez’ becomes Google Pay
Readying its digital payment service for India, Tez, for a global roll out, Google on Tuesday renamed the app as Google Pay and introduced new features that could soon help its Indian users get instant “pre-approved” loans from some banks. “Building for India has often meant Google building for everyone all around the world,” Caesar Sengupta, Vice-President, Next Billion Users initiative and Payments, Google, said at its annual Google for India event here. “At the moment, nothing is changing about the experience in India other than the name,” he said, adding that Google is working with a few of India’s top banks — HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank — to offer pre-approved, instant loans to their customers, right from within Google Pay. “In coming weeks and months, Google is making Pay even more useful through expanding the places users can pay in-store and online, expanding services for merchants, and working with the banks to provide instant loans to Google Pay users,” Mr. Sengupta said.
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