Google's payment app for India 'Tez' becomes Google Pay
New Delhi, Aug 28 : Readying its digital payment service for India, Tez, for a global roll out, Google on Tuesday renamed the app as Google Pay and introduced new features that could soon help its Indian users get instant "pre-approved" loans from some banks.
"Building for India has often meant Google building for everyone all around the world," Caesar Sengupta, Vice-President, Next Billion Users initiative and Payments, Google, said at its annual Google for India event here.
"At the moment, nothing is changing about the experience in India other than the name," he said, adding that Google is working with a few of India's top banks -- HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank -- to offer pre-approved, instant loans to their customers, right from within Google Pay.
This feature will roll out to eligible users within the next few weeks, Google said. With the roll out of this feature, eligible users will see a notification telling that that they are pre-approved.
Next, the users would have to decide how much they want to borrow, and how quickly they would like to repay.
Finally, after reviewing the terms of the loan, the bank will deposit the money in their bank account instantly -- without the need of any additional paperwork, Google said.
"In coming weeks and months, Google is making Pay even more useful through expanding the places users can pay in-store and online, expanding services for merchants, and working with the banks to provide instant loans to Google Pay users," Sengupta said.
Google launched the Tez app in India last year and since then over 55 million people have downloaded the app and more than 22 million people and businesses actively use the app for digital transactions every month.
Google Pay works with all major banks in India on BHIM UPI (Unified Payments Interface).
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Four held in Kalaburagi for brutal murder of man
Kalaburagi: Four men have been arrested in Kalaburagi on charge of hacking a man with lethal weapons and pelting stones at him under the limits of Station Bazaar Police Station recently.
According to police sources, Anand Jalak Shinde (34), Ashitosh Jalak Shinde (30), Imran Mehboob Sheikh (28) and Sohaib Anwar Qureshi have been arrested. The men are accused of the brutal murder of Syed Mehboob, a resident of Station Bazaar Upper Line Hamalawadi in the city.
An FIR was filed by the Station Bazaar Police Station based on a complaint given by Syed Ismail, father of the deceased Syed Mehboob.
Following quick probe, the police team successfully arrested the suspects within 24 hours. The arrested men were produced in court and have been sent to judicial custody.
The City Police Commissionerate has appreciated in an official release the police team’s quick solving of the murder case and arrest of the four men accused of murdering Syed Mehboob.
