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Google is reportedly releasing a localized mobile payment service in India

Google is reportedly releasing a localized mobile payment service in India
From TechCrunch - September 13, 2017

Google is increasing its focus on India with plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken.

The publication claims Google Tezmeaning fast in Indiawill offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing, will include support forUnified Payments Interface (UPI)a payment system backed by the governmentand other consumer payment services including Paytm andMobiKwik. Apparently it will be a dedicated app when it arrives.

Google declined to comment.

This is a big deal because Google hasnt made a big push into payments outside of the U.S. and, while it has a strong consumer presence in India, revenue from the country is nothing to write home about. Yet.

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