But getting very close !
Yesterday , Google launched Mobile Payment App “ Tez “ , riding on UPI ( Universal Payment Interface )
Today’s newspapers had
following to write :
ECONOMIC
TIMES [ 19 Sept ] :
Designed in a CHAT-LIKE INTERFACE , Google released the app on Android as well
as iOS on Monday
Caesar Sengupta , V-P, Next Billion Users
, Google , said, “ Tez has
been made in India and will make payments as easy as cash “
Tez will be
available in 7 Indian
languages…….
“ The time has come with application as simple as this that
what started as a compulsion becomes a matter of convenience and eventually a
matter of spending habit as far as Indian people are concerned “, said Jaitley
Google has enabled merchants to use the Tez platform to receive payments directly through the app but
promised only businesses that consumers transact with will be able to use the
feature and there will be “ no spamming “
Sengupta added that Google is also
working on integrating
credit and debit card payments through Tez and will enable it later this year
HINDUSTAN
TIMES [ 19 Sept ] :
It is NOT a
digital wallet , requiring a constant top-up of cash
Instead , Tez works with all the 50 + UPI-enabled banks , so that money stays in users’ bank accounts until they need to
use it
Tez users continue to earn interest
from their banks and have their deposits backed by bank security guarantees
BUSINESS
LINE [ 19 Sept ] :
Diana Layfield, Vice President , Head of
Finance and Commerce Products of Google’s Next Billion Users team , later told
reporters that Google sees itself competing against cash
“ We don’t see ourselves competing
against other players . Our
competition is cash “ , Diana
said
Layfield also said Google is not looking
to monetize Tez for now .
She said customers of 55
Indian banks on the UPI platform can now use the app
Caesar Sengupta , Vice President of the
Next Billion Users team at Google said ,
“ This starts us on a journey to make digital payments simpler and more
accessible to everyone “
BUSINESS LINE [
20 Sept ] :
Diana Layfield said :
“ Google is also working on integrating third-party
mobile wallets with Tez so that users needn’t require multiple payment apps
We felt the payments space was going to be exciting and
this is the economy which will digitize relatively rapidly . There was a sense
that this could add enormous value to India “
Google is also integrating Tez with Google Maps so that
when users search for a place , Maps can suggest stores in that area that
accept Tez . The stores will be able to make an offer to users and users in
turn will be able to make inquiries
“ There’s a whole another set of things that you can
add to the app “ , Layfield said
I believe the “ journey “ that Sengupta talks of , will run along the lines of :
What makes me think so ?
I believe Sundar
Pichai read my email
to him, in which, among many other things , I requested him as follows :
06 Jan
2017
Dear Sundar Pichai :
During your
interview last evening with Vikram Chandra ( NDTV ) , you said :
" I like to work on finding solutions to challenging
problems . I like to find solutions that millions of people around the World
can use to simplify their
lives and empower them
I
believe, through use of
Aadhar based apps , such solutions can make a huge difference to
Education , Healthcare , Economy etc “
Sundar , all of this was very heartening !
Here are my suggestions for solving
some of those " CHALLENGING PROBLEMS " :
[ F ] Simplification of MOBILE WALLET , which
requires NO TYPING into the
App / ONLY SPEAKING
Dear
Sundar :
Congrats and thanks !
I
urge you to find similar elegant / simple solutions to those other problems listed
in my email
20 Sept
2017
www.hemenparekh.in / blogs
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