Google Teams With Banks to Launch Digital Lending for India
- It’s also re-naming its Tez mobile finance app Google Pay
- Google’s joining a race to serve a $1 trillion market
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Alphabet Inc’s Google is partnering with four Indian banks to grant consumer loans online, as the fight for a $1 trillion digital finance market intensifies.
The U.S. search giant is teaming with HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd. and Federal Bank Ltd. to offer instant, pre-approved loans to customers “right within Google Pay in a matter of seconds,” it said in a statement.