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Google Tez
February 28 , 2018
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- Google has integrated Google Tez with State Bank of India (SBI), allowing customers of India’s largest lender to transact directly from their bank accounts through the mobile payments app.
- SBI is the first public sector bank to have partnered with Google Tez.
- SBI customers can now create a unique UPI ID to carry out the transactions.
- As of now, Google has partnered with 4 banks to allow users of Tez app to create their bank’s UPI handle and transact directly from their bank accounts on the app.
- Other than SBI, the three other banks are HDFC Bank, Axis Bank and ICICI Bank.
- The government has been pushing the UPI platform to boost digital payments in India, to reduce use of cash.
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