The digital payment service Tez, developed by Google Inc., is demonstrated during an arranged photograph in Bengaluru, India, on Sunday, Aug. 19, 2018. A bewildering array of digital payment businesses from global names like Facebook Inc.'s WhatsApp to Paytm, backed by Alibaba Group Holding Ltd., are in a slugfest to win Indian users. Also in the fray are the country's banks, its postal service, and its richest man, Mukesh Ambani. Photographer: Samyukta Lakshmi/Bloomberg
Alphabet Inc’s Google is partnering with four Indian banks to grant consumer loans online, as the fight for a US$1tril (RM4.09tril) digital finance market intensifies.
The US 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.
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