Google Tez Garnered Over 7.5 Million Users in 5 Weeks, Says CEO Sundar Pichai
Google CEO Sundar Pichai on Thursday during the Alphabet earnings call made several announcements around Google Tez , the payments app that the search giant had launched in India last month . Based on Unified Payments Interface (UPI), the NPCI's payments platform for the country, the Google Tez app leverages bank accounts for payments. During the earnings call, Pichai revealed that Google Tez already has over 7.5 million users in the five weeks since its launch in September. It has been used to make over 30 million transactions, Pichai added. "I'm really excited about the potential this brings for India's mostly cash-based economy," he said. Responding to a question about why Alphabet and Google's growth is burgeoning in Asia, Pichai said the companies have been "laying the foundation [here] for a very, very long time." He added that Google products are heavily used in the region, and that the company has been working har...