New Delhi: Global Tech giant Google today renamed its UPI based payments app Google Tez into Google Pay, introduced new features and widened its scope with new tie-ups. At its annual event Google for India, the tech giant announced its partnership with four private banks to facilitate pre-approved loans instantly to Google Pay customers. These banks are ICICI Bank, Kotak Mahindra Bank, Federal Bank and HDFC Bank.
“In the coming weeks, these customers will be able to use Google Pay to take out a customised loan amount from their banks, with minimal paperwork, and once they accept the bank’s terms, the money is deposited securely and instantly by their bank, into their bank account,” Google’s general manager (payments) Caesar Sengupta said.
Launched first in India last September as Google Tez, the re-branded Google Pay will now be offered in other countries too.