Google's digital payment app 'Tez' integrates with SBI

IANS
Tuesday, February 27, 2018

Google on Tuesday announced a deeper integration with the State Bank of India (SBI) for its digital payment app "Tez" that will allow users to now create a SBI UPI Id -- @oksbi and get access to exclusive offers for the SBI customers.

Launched in September last year, "Tez" claims to have processed over 250 million transactions till date and has over 13.5 million monthly active users across the country.

"This partnership with Google Tez will drive innovation and deliver exciting new opportunities for our 40 crore plus customer base," Rajnish Kumar, SBI Chairman, said in a statement.

"Tez" is built on the Unified Payments Interface (UPI), allowing users make payments from their bank accounts to other accounts from over 70 UPI-enabled banks.

"We are still in very early stages of building a vibrant digital payments ecosystem that brings together millions of smartphone users, small merchants, large businesses, and financial institutions. This partnership is an important step forward in that journey," added Diana Layfield, Vice President, Head of Finance and Commerce Products, Next Billion Users at Google.

The app is available in English and seven other languages -- Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu.

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

On the occasion of Mother Mary’s Birthday Kuwait Pangla Association (KPA) celebrated the feast which is known as Monti Fest ...

After organising successfully four seasons of “Dhoom Machale” Indian Youth Society-Kuwait is presenting “Dhoom Machale Seaso...

Mujthaba Creation & Events has announced the business excellence award for the first and foremost Career-leading Business m...

Kuwait Pavendar Kazhagam celebrated its 67th Kalam as a 110 Birthday of the Great Leader “Arignar Annaa” programme on 07.09....

Kala (Art) Kuwait presents “NIRAM-2018” Children’s Day Painting Competition in association with ‘AMERICAN TOURISTER’, will b...