In­dian Fi­nance Min­is­ter Jait­ley to launch Google pay­ment app

Muscat Daily - - BUSINESS -

Union Fi­nance Min­is­ter Arun Jait­ley will launch Google’s Uni­fied Pay­ments In­ter­face (UPI)-based dig­i­tal pay­ment ser­vice in In­dia 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.

UPI is a pay­ment sys­tem launched by the Na­tional Pay­ments Cor­po­ra­tion of In­dia (NPCI) and reg­u­lated by the Re­serve Bank of In­dia which fa­cil­i­tates the in­stant fund trans­fer be­tween two bank ac­counts on the mo­bile plat­form. The other big player to join In­dia’s grow­ing dig­i­tal pay­ment mar­ket is Face­bookowned What­sApp.

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