Following reports from last week, Google has launched Tez, a payments app designed for Android and iOS users in India to send money to each other, as well as pay for purchases at businesses that allow digital transactions. The app (whose name translates from Hindi to ‘fast’) is built on top of the country’s inter-bank Unified Payments Interface (UPI), which allows for instant money transfers at no charge. Your UPI ID (which looks like ‘yourname@bankname’, but can be edited) is automatically generated if you don’t have one already, and is linked to your bank accounts and phone number. You can…
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