Google Tez rebranded as Google Pay, to offer loans via banks

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The Google Pay (India) will be exactly the same Tez app, but with the different new name.

In September a year ago, Google launched Tez, a digital payments app, entering the crowded and fiercely competitive digital payments space in India.

Sengupta said the app has been downloaded 55 million times and has an active monthly user base of 22 million. A total of 750 million transactions are made with a total transaction value of $30 billion. It has tied up with private lenders like HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to offer customised loans, which will involve minimum paperwork.

At present, the amount of online content in Indian languages is only one per cent of what is available in English.

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Google is upping its game in the race for India's fast growing digital payments market.

Google Pay is expanding its operations to physical stores such as BigBazaar and smaller merchants such as kirana stores. There were also announcements related to Google Assistant, Google Search, Android Go, Google Go, Google Maps, Google Station, and more.

Google Assistant now supports Marathi language. There are also other announcements made on the same stage. In other countries, Google Pay users can add credit cards to their account for making payments through smartphones with NFC support.

Since launching in 2017, Google Go has accrued millions of users by offering a stripped-back browsing experience for those with limited internet speeds or device storage.

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The rebranding allows Google users to make digital payments to retail stores and conduct online transactions across apps as well as various Google products.

Google Assistant will now serve you more relevant content to Indian users and now supports Marathi language. "It's also helpful for multitasking, like following a recipe while cooking a meal, listening to articles while exercising, or catching up on news on your commute", Yossi Matias, VP, Engineering, and Simon Tokumine, Senior Product Manager, write in a Google blog post.

Google aims to work with various state governments to launch state Wi-Fi service using Station. Our partnership with RailTel is an example where millions of people are accessing Internet from hundreds of railway stations in India. Not only is it being replicated across the world, the company has plans of introducing it in Andhra Pradesh to expand its reach to 10 million more people.

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