Google's Tez tops 140 mln m-payment transactions in India in first 10 weeks

Wednesday 6 December 2017 | 07:29 CET | News
Google has announced that its Indian mobile payments app Tez saw significant growth in the first 10 weeks since the service was launched on the local market. Google reports that Tez has processed over 140 million transactions from nearly 12 million active users. There are more than 525,000 merchants already on Tez, using it to take payments, pay their suppliers or transfer money to employees.

In the coming weeks, Tez will start rolling out a customized service enabling users to pay bills directly from the app. More than 70 billers will be supported, including utilities and direct-to-home service providers, Google said. Once customers pay a bill on Tez, they will not be required to add the billing organization again. Tez will also remind users when certain bills are due. Customers can also avoid paying the same bill twice, since the payment status will be automatically updated.

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