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The Popular Google Tez Renamed As Google Pay App In India: Offering Instant Loans

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The Popular Google Tez Renamed As Google Pay App In India: Offering Instant Loans

Google Tez is a very popular payment app in India and all over the world. Within a short time period, Google Tez app is growing up in India. Lots of people choosing Tez as their primary payment option. We all know that the search giant Google was developed Google Tez app and it launched in India in September 2017. And now Google has rebranded the payment app Google Tez to Google Pay app to tap into the growing Indian digital payment space. The reports said that Google Tez app has over 55 million downloads, 22 millions of active users, 750 millions of transactions with an annual run rate of $30.

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The Google Pay App, a new version of the Google Payment app will be available for 20 countries including India. The Instant Loan offer is the special thing comes up with this new version. And the search giant Google officials said that they are working with some popular banks in India like HDFC, ICICI, Kotak Mahindra, Federal Bank to enable all these features.

How Google Pay Instant Loan works in India

Through Google Pay app, you can avail instant loans. But the main difference between this loan offer and a normal bank loan is, the customer can’t choose the loan amount. The loans available via Google Pay app for customers, if they have any pre-approved loans on their respective banks that are partnered with Google Pay. But via Google Pay app, customers can specify the amount they want to take from the pre-approved loan amount and also the time period they can able to repay the money. After you apply for the amount via Google Pay app, then the money will be credited to your account.

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We all know that lots of banks offering pre-approved loans for their customers. The banks are offering these pre-approved loans based on the customer account balance, transaction history etc ..

Google Pay app simplifies the procedures to apply for the loan. And also the app shows available loan amount, loan duration, EMI amount, date etc. If you set the auto bill payment option, the app automatically does your job for paying the bills.

If you are interested in these features and you don’t have Google Pay app, then install it from Google Play Store.

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Updated: August 30, 2018 — 5:27 am

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