Heena Sharma Blog

Already, 750 million transactions have been made with $30 billion in the annual run rate of transaction value Companies News : Global tech giant Google on Tuesday said that by Diwali it plans to expand the operations of its payments platform, and would add major retail chains restaurants and cab aggregators to the platform. The tech giant has also re-branded ' Tez ' as 'Google Pay ' as part of its efforts to take the digital payments app to more online and retail merchants across the country. “Building for India has helped Google build for everyone all around the world... Our partnership with RailTel is an example where millions of people are accessing the Internet from hundreds of railway station in India. We have also taken Google Station to other countries like Indonesia, Nigeria, Thailand and Mexico," Google General Manager (Next Billion Users initiative and Payments) Caesar Sengupta said. Previously, Google had partnered with RailTel

The messaging app will partner HDFC Bank, ICICI Bank and Axis Bank to process the transfers, and State Bank of India will join once it has the necessary systems in place Technology News : Facebook   is set to offer its   WhatsApp   payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank,   ICICI Bank and   Axis Bank   to process the transfers, and State Bank of India will join once it has the necessary systems in place, the people said.   Facebook   was aiming for a full rollout with four partners but decided to go ahead with just three as its rivals were racing ahead, the people said, asking not to be named as the information isn’t public. The entry of   Whats app   into India’s payments space has been likened to We Chat, which reshaped payments in China when it expanded beyond messaging. The pilot ver