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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Food delivery agent intervenes to stop street fight in Delhi's Dwarka, stabbed to death
New Delhi (PTI): A 32-year-old food delivery executive was stabbed to death when he allegedly intervened in a violent altercation between two groups in southwest Delhi's Dwarka, police said on Monday.
The deceased has been identified as Govind Jha, a resident of Mohan Garden.
Three others sustained stab injuries in the incident and are currently undergoing treatment at a hospital, they said.
Authorities also cautioned against attempts to give the incident a communal colour.
According to the police, Jha was on his way to work on Sunday night when he noticed a street fight taking place at Rajapuri in Madhu Vihar area of Dwarka. The altercation involved two men pitted against three others, who were later identified as Parvesh, Anish and Rohit.
"Jha stopped at the spot and attempted to intervene. During the scuffle, the two men allegedly pulled out knives and began stabbing Parvesh, Anish and Rohit. When Jha tried to intervene, he was also attacked," a police officer said.
All four injured persons were rushed to a nearby hospital, where Jha succumbed to his injuries during treatment. The other three men are under medical observation.
Police said the accused fled the spot after the incident, and multiple teams have been formed to identify and apprehend them.
Meanwhile, Deputy Commissioner of Police (Dwarka) Kushal Pal Singh, in a statement, said that some messages circulating on social media are attempting to give a communal angle to the incident.
"In the incident, four people suffered stab injuries and were admitted to the hospital. One person died at the hospital, and the remaining three are undergoing treatment. The victims belong to two different communities. The accused stabbed all four victims. Dwarka Police is conducting a search for the accused," the DCP said.
"There is no communal angle to the incident. Strict action will be taken against those spreading false information," he said.
