Turns out the rumors were correct, as Google has officially launched a new mobile payments system in India. Dubbed Tez, the service is available in the form of mobile app, and is aimed at making payments and money transfers easy.
“Send money home to your family, split a dinner bill with friends, or pay the neighborhood chaiwala. Make all payments big or small, directly from your bank account with Tez,” Google says.
As expected, Tez uses Indian government-backed UPI (Unified Payments Interface) platform, and is compatible with all major UPI-supporting banks in the country.
As far…