Share

Internet giant Google will release a mobile payment service in India, according to reports.

The Unified Payments Interface (UPI) app is called Google Tez, according to The IndianExpress. ‘Tez,’ in Hindi (India’s national language) means fast. The app will be launched as a part of the “Make in India” government initiative, which aims to encourage national and multi-national companies to manufacture products within the country.

Google has already sent invitations to media outlets for the app’s launch event in New Delhi on September 18.

With a population of over 1.3 billion, India could prove to be a key market for Google’s payment efforts.

Read more at The IndianExpress, CNBC and The Mobile Indian.