Arun Jaitely to launch Google payment app 'Tez' on Monday
Union Finance Minister Arun Jaitley will launch Google's Unified Payments Interface (UPI)-based digital payment service called "Tez" on Monday. "FM Shri @arunjaitley to launch the Google Digital Payment app 'TEZ' on Monday, 18th September 2017 in the national capital," the Finance Ministry confirmed in a tweet on Saturday. The report of Google entering India's fast-growing digital payment ecosystem appeared in the media on Thursday, following which Google India sent out an invite for an event in New Delhi on September 18. "As we continue to make strides in ensuring that our products continue to serve the needs of everyone, we invite you to a press conference to share details on the launch of a new product developed grounds up for India," the invite read. "Tez" (meaning fast in Hindi) may work like Android Pay. UPI is a payment system launched by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank ...