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Google to launch mobile payment service in India

Tech monster Google is slated to disclose a computerized installment benefit in India one week from now that has been produced for the nearby market, as indicated by industry sources.

In July, National Payments Corporation of India (NPCI) had said Google had finished the testing of its UPI installment benefit and was anticipating Reserve Bank of India's endorsement to dispatch its administration in the nation.

Google on Thursday conveyed welcomes for an occasion to be hung on September 18 to "share points of interest on the dispatch of another item created grounds up for India."

Google VP (Next Billion Users) Caeser Sengupta will likewise be available at the occasion.

Whenever reached, Google reacted with a gif — a feline writing truly quick on an Apple tablet with an inscription "Since quick is superior to moderate. See you Monday."

As indicated by reports, Google is taking a gander at propelling an installment benefit 'Google Tez' (Tez implies quick in Hindi), which will incorporate help for Unified Payments Interface (UPI) and additionally versatile wallets like Paytm and MobiKwik.

Tech majors like WhatsApp and Facebook are likewise occupied with discourse with the NPCI to give UPI-empowered installment on their stages.

UPI enables shoppers to exchange cash starting with one bank then onto the next utilizing a virtual address. There is no need of record number, IFSC code or MMID to do the exchange.

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