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Google To Launch Payment App ‘Tez’ In India

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Google Launch Payment App,Google Payment App,Tez app,Google Tez app,Tez App Payment in India,Google Tez App,Startup Stories,2017 Latest Business News,2017 Technology News

Global search engine Google plans to launch a localized digital payments service in India called ‘Tez’ which means fast in Hindi. The app will offer a comprehensive set of payment options to users beyond its existing options such as the Google Wallet or Android Pay.

Technology website TechCrunch reported the app may be launched as soon as next week in New Delhi by Caesar Sengupta, the Vice President of Next Billion Users, Google. Tez, developed specifically for the Indian market will also include support for the government backed Unified Payments Interface (UPI) and other consumer payment services such as Paytm and MobiKwik.

Google, which launched Android Pay two years ago in the US, is aiming to delve into the rapidly growing digital payment market in India which is expected to touch $500 billion by 2020. According to a report by news portal The Ken, Tez will be available on the Google Play Store for smartphones and as a Chrome widget for desktops. The service is also likely to be integrated into other applications such as ecommerce, mobility, Play Music, Play Movies and the Play Store for subscription and paid downloads.

While both Android Pay and Google Wallet did not hit off, tech companies like Flipkart are already looking at the potential of Tez. Considering Android is India’s dominant operating system for smartphones, Google could have an upper hand in the digital payments sector.

At present, Alibaba backed Paytm and other digital wallet players like MobiKwik, FreeCharge, Oxigen, Citrus Pay, Phone Pe, PayU, ItzCash, Jio Money and Ola Money are fighting over the lucrative digital payments market. Recently Facebook owned Whatsapp Inc., also showed interest in launching its own digital wallet in India along with other global companies like Truecaller and Uber. According to the Ministry of Electronics and IT, the infrastructure of digital payments in India is expected to increase three fold with almost five million electronic point of sale (PoS) machines by the end of 2017.

Google India has sent out an invite for a press conference in New Delhi on September 18, to share details on the launch of the new product developed grounds up for India.

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Apple Achieves 13% Growth in India with $9 Billion Sales and New Flagship Stores in FY25

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Apple has set a new benchmark in India, recording $9 billion in annual sales for FY25—a 13% surge over the prior year, fueled chiefly by robust demand for iPhones and MacBooks. The tech giant’s strategic expansion into Bengaluru and Pune with new flagship stores has deepened brand engagement and increased accessibility for customers across urban centers.

Apple’s rapid retail footprint expansion and locally tailored initiatives, including student discounts and trade-in offers, overcame price barriers and high import duties to drive sales volumes to unprecedented heights. Meanwhile, local production reached new highs, with 20% of iPhones now assembled in India and manufacturing output up 60%, valued at $22 billion part of Apple’s move to diversify its global supply chain.

India is now Apple’s fourth-largest market worldwide, reflecting its rising role as both a consumption and manufacturing powerhouse for premium tech. Continued investment in retail outlets, partnerships with Tata for device repairs, and consumer-friendly financing have positioned Apple for even stronger growth as Indian incomes and technology aspirations rise.

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OYO Achieves Record Profitability in FY25 with Deferred Tax Boost and New Corporate Identity

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OYO, India’s leading hospitality startup, has retained strong profitability in FY25, driven by a significant deferred tax gain and a bold corporate identity overhaul. The company’s net profit surged to ₹623 crore, marking a 172% year-on-year growth, with adjusted EBITDA reaching ₹1,132 crore a 27% increase from the previous fiscal. Total revenue rose by 20% to ₹6,463 crore, propelled by strategic expansion in premium segments and the integration of G6 Hospitality into OYO’s growing portfolio.

The deferred tax gain of ₹765.6 crore played a crucial role in OYO’s profitability for FY25, helping overcome challenges from operational losses and global expansion costs. Meanwhile, OYO launched a campaign to rename its parent company, Oravel Stays Ltd, aiming for a tech-first, globally resonant brand identity as the business prepares for its IPO. This rebranding signals OYO’s shift toward broader urban living solutions, with the “OYO Hotels” brand remaining unchanged for consumers while the corporate entity targets premium and tech-driven markets worldwide.

OYO’s premiumization strategy and aggressive international growth have led to record results for the fourth quarter of FY25, with gross booking value surging 54% to ₹16,436 crore and revenue hitting new highs. These achievements highlight OYO’s disciplined financial management and commitment to innovation, setting a benchmark for Indian startups navigating global expansion and sustained profitability in the hospitality technology sector.

 

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MPL to Lay Off 60% of India Workforce Following Online Gaming Ban

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Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.

India contributed nearly half of MPL’s revenues, estimated at around $100 million in the 2024-25 fiscal year. With the ban on paid gaming, MPL’s primary revenue source in India has been effectively cut off, prompting the company to shift focus towards free-to-play games and expand its presence in overseas markets such as the United States and Brazil. Despite the layoffs, MPL has pledged to support the affected employees through the transition period. CEO Sai Srinivas expressed regret over the downsizing but highlighted the company’s commitment to developing new business models for the Indian market amid the regulatory changes.

This development significantly disrupts the Indian online gaming industry, which was on track to grow into a $3.6 billion sector by 2029 before the introduction of the ban. While competitors like Dream11 have adapted by discontinuing paid games and avoiding layoffs, the ban has forced many gaming startups in India to rethink their operations. The government’s regulation targets all games involving real money stakes, including fantasy sports and popular card games like rummy and poker, reshaping the future landscape for the country’s gaming ecosystem and its workforce.

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