Google Pay to Offer Pre-Approved Loans from Some Banks in India

"So rebranding Tez as Google Pay will act as a unifying experience", he said at the company's flagship "Google for India" event in New Delhi on Tuesday. This will work even on 2G connections.

The Google Go feature that will read text aloud will greatly assist people who have trouble reading or are not skilled in the original language of the web page. Google Maps Go now brings turn-by-turn navigation functionality, while featuring a new home screen with convenient shortcuts.

Google Go will be able to translate articles across 28 languages before reciting them to you in your preferred tongue. Our research shows, that 88% of users are more likely to respond to a digital advertisement in their local language as compared to English. The digital assistant will add as many as eight new Indian languages.

Voice search has grown by 270% year-over-year in India.

While audio and video content continues to grow in volume online, text-based web pages still account for the bigger chunk of the web. In about one year, the platform has saw over 750 million transactions worth over $30 billion (Rs 200,000 crore). So, Google Tez is going to be known as Google Pay from today onwards.

Google Pay is here Google Pay is the Tez payments app, with a few more bells and whistles attached.




Tez has over 22 million monthly active users, according to Google. Businesses and merchants can also now pay for Google Ads using Google Pay. The company has partnered with Federal, HDFC, ICICI and Kotak Mahindra banks for this.

"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 will be deposited securely and instantly into their bank accounts", said Sengupta. To achieve this, Google has tweaked the OS to make it lightweight, redesigned existing elemental apps like Maps, Files and YouTube and included deeper voice integration.

"Taking note of the impact of the floods in Kerala and Karnataka, Google also shared that Google.org is making a $1M Dollars grant (including contributions from Googlers across the world) to several NGOs in India" India to support the relief and recovery efforts in the most impacted regions.

Sengupta also said more than 1.2 million small and medium enterprises are using Google Pay for payments.

Google has also announced the next round of its free Wi-Fi project in India. Our partnership with RailTel is an example where millions of people are accessing the Internet from hundreds of railway station in India.

Google Station partnering with Andhra Pradesh State FiberNet Limited to bring high-quality Internet coverage to over 12,000 villages, cities and towns in the state of Andhra Pradesh.

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