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Google rebrands its Tez payments app to Google Pay in India, adds instant loans


Last September, Google launched Tez, an app for instant money transfers in India. At its annual event in the capital of New Delhi, the company announced it’s rebranding the app to Google Pay. That means it’s unifying its global payments services with what it’s built for India. Tez is based on BHIM UPI, a government-built platform that allows for on-demand transactions between bank accounts used by individuals and businesses. The company stressed its ongoing efforts to help digitize payments by announcing upcoming support for Google Pay in more than 15,000 retail stores across the country by the time the festival…

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