You are using an older browser version. Please use a supported version for the best MSN experience.

Google Will Launch a Mobile Payment Service in India, a Report Says

Fortune logo Fortune 14/09/2017 Reuters
An employee operates a electronic payment terminal at a musical instruments store in Bengaluru, India, on Saturday, Feb. 4, 2017. © Dhiraj Singh/Bloomberg via Getty Images An employee operates a electronic payment terminal at a musical instruments store in Bengaluru, India, on Saturday, Feb. 4, 2017.

Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.

The payment service, called Google ‘Tez’, will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said.

Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.

For more about Google, see Fortune’s video:

Google launched its payment app Android Pay in the United States two years ago.

A spokesman for Google in India did not immediately respond to a request for comment.

Google, Facebook Inc and WhatsApp Inc were in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.

This article was originally published on FORTUNE.com

More from Fortune

image beaconimage beaconimage beacon