Google Tez for sending, receiving money launched

Internet giant Google has forayed into lucrative payment space in the country with the launch of a payment solution, aptly named ‘Tez’ (fast). On Monday, Google released the app on the Android as well as the Apple App store.  The app allows users to do financial transactions like sending money, receiving payments directly into their bank accounts and paying bills. The users can link the app to their bank accounts and the platform is built on the government’s Unified Payment Interface.

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