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Google Pay Crosses 25 Million Monthly Active Users in India

19Sep By Gauri SinghNo Comments

Tech

Google Pay Crosses 25 Million Monthly Active Users in India

The digital payments platform that was recently rebranded from Tez to Google Pay by the technology giant Google has crossed the milestone of 25 million monthly active users who have in total carried out about 860 million transactions over the past year. Recalling the progressive one year since the launch of Google’s payment offering in India, Caesar Sengupta who is the vice president for payments in the company stated that the app has seen widespread adoption from Kanyakumari in Tamil Nadu to Mandvi in Gujarat and Dimapur in Nagaland. “You are using Google Pay for your bills, your rent, the chaiwallah, the plumber and even your bus rides,” Sengupta said. Google claimed about 1.2 million businesses in India have adopted its payment platform as their preferred mode of payment. Google Pa...

Google Tez Expected to be Renamed as Google Pay

23Aug By Gauri SinghNo Comments

News

Google Tez Expected to be Renamed as Google Pay

The digital payments space is growing at a great pace these days and Google Tez has been a predominant player along with many other companies. Google is now planning to rename Tez to Pay and integrate it under the global payment umbrella of Google Pay. Being Google’s payments app, Tez gained a lot of attraction and also has hit various targets in less time as compared to others. The app has crossed more than 50 million downloads. This move is expected to open the Unified Payments Interface (UPI) as a mode of payment for app purchases on Google Play Store. And as stated by the experts, it is a huge use case waiting to be tapped. "We have always maintained that we will bring payments across different platforms," Google spokesperson said. It has also been mentioned that till now Tez h...

WhatsApp’s Digital Payments Could Change the Scenario for Other Digital Players

16Feb By PriyankaNo Comments

News

WhatsApp’s Digital Payments Could Change the Scenario for Other Digital Players

Whatsapp has finally rolled out its much awaited payments feature across the country which is giving a huge boost to digital payments in India. Pixr8 also today published that digital payments in India will soon touch $1 trillion by 2023, which is for sure is good news for 'Digital India'. However, this is not the first time when WhatsApp tried foraying into the payments business. Last year it tried launching a payments app but was turned down by RBI, which says,"Non-bank entities applying for authorisation shall be a company incorporated in India and registered under the Companies Act 1956 / Companies Act 2013." WhatsApp, owned by Facebook is headquartered in United States hence it could not enter the payments market. However, after Modi's Starup India and Digital India campaigns, ...

This Is What Google’s New UPI App ‘Tez’ Has To Offer

18Sep By RishabhNo Comments

INDIA, News

This Is What Google’s New UPI App ‘Tez’ Has To Offer

Alphabet Inc's Google has finally forayed into the payments space, by launching its app 'Tez' exclusively in India on Android and iOS. The app is now available on Play Store and App store for the users to download. Google’s VP for Next Billion Users Caesar Sengupta launched the app at an event in New Delhi in the presence of Finance Minister Arun Jaitely. Unlike a digital wallet Tez is built on UPI that allows for payments directly via bank accounts. It allows the users to do financial transactions like sending money, receiving payments directly into their bank accounts. The users can link the app directly to their bank accounts.The platform is built on the government's Unified Payment Interface (UPI). “Google Tez app is design for India and made in India. It supports seven Indian lang...