Google to Expand Tez Outside of India


Google is looking to expand Tez, the mobile payment platform it launched in India last year, to other markets in Asia this year, the Internet company said.

The company will expand its platform to one of a “shortlist” of three unnamed markets in Asia as well as one additional market country, Diana Layfield, head of Tez and vice president for Google’s Next Billion Users initiative, told the Financial Times today.

Tez  has 14 million customers in India currently, the company reported, and “will certainly be working” on expansion this year though no specific timeline for it has been announced, Layfield told FT.

Tez, which connects directly to a user’s bank account using the “United Payment Interface,” was launched in September 2017 to compete with Alibaba’s Ant Financial, as well as India’s Paytm, in the region.

Read more at PYMNTs and the Financial Times.

1 - Reader Likes This Post