Google Tez Could Be Absorbed Into Google Pay, Could Enable UPI Payments On Play Store

Google Tez, the company's payment solution customized for India, could before long get a office of the company'south global payments solution – Google Pay. Besides the rebranding, this step will allow Google to integrate UPI payments to enable purchases on the Google Play Store.

Experts, as per an ET Tech report, concur the opinion that this consolidation, and particularly UPI payments on the Play Shop volition increase Indian spending on the shop for apps, videos, music, or e-books. With UPI being adopted Google Pay, users will be able to complete UPI transactions without exiting the app.

Notwithstanding, Google told ET that at that place was no such development as claimed past the two sources. In an e-mail, Google replied to ET's queries about the meeting of Tez and Google Pay saying, "We have always maintained that we will bring payments beyond different platforms".

Google Tez Could be Included in Google Pay, Likely to Bring UPI Payments to Play Store

While Google also allows users to withdraw money from ATMs in the US, that appears to be a distant prospect for now. This is because tap payments need NFC-enabled ATM machines and while the engineering is available on a few withdrawal points, there is no regulatory guideline notwithstanding for a wider rollout.

While Google has said at that place'due south nothing to be appear yet, Pali Bhat, the VP for payments at Google, had said that the company would be announcing changes for Tez app dorsum in January when Google Wallet and Android Pay were brought on to the unified Google Pay platform.

Google Tez has been among the about pop apps for UPI besides Paytm and PhonePe and is estimated to business relationship for nearly 50 one thousand thousand transactions per month. Besides increasing revenues from Google Play, deeper integration – substantially a pre-installed framework – should also help bring more Indians closer to UPI payments, peculiarly equally the authorities prepares for an improved version of UPI.