Google had a great deal of statistics to share at its Google for India event held in New Delhi on Tuesday. Among these, had been particulars about Google Tez. Caesar Sengupta, VP of Product Management and lead for the Next Billion Users initiative at Google, shared that Google Tez will go 12 million energetic prospects in India inside the next couple of days. This amount represents an unlimited soar over the past figures shared by Google, when CEO Sundar Pichai had revealed by the agency’s earnings identify that the app had over 7.5 million prospects in 5 weeks since its launch in September.

Sengupta moreover revealed that Google embrace the actual fact the app has processed 140 million transactions since launch – seeing a 4x progress in frequent transaction measurement to this point, indicating a progress in shopper perception. According to NPCI data, Sengupta says that in October-November interval, Tez accounted for 70 p.c of transactions on BHIM UPI. Sengupta moreover revealed that there are 5.25 lakh retailers already on Tez. Small firms are moreover using Tez to pay suppliers, and swap money to workers.

At the Google for India event, Sengupta launched the launch of bill funds on Google Tez. The app, starting Tuesday, now helps bill funds for Tata Power, Airtel, ACT, DishTV, DoCoMo, and totally different utility provider. The app could fetch all unpaid funds from a biller. At launch, it could help over 70 billers, along with nationwide and state electrical power suppliers, gasoline and water, and DTH recharge. The attribute will most likely be rolled out progressively over the following couple of weeks to prospects, who will receive a notification when the attribute turns into accessible to them.

Sengupta acknowledged that bill funds are a key use case, and that the company will protect rolling out enhancements on this entrance every few weeks. Alongside, he moreover launched a model new attribute internally often called ‘Sparks’. This was described as “little moments of delight” which could be triggered when a specific phrase or phrase was included in a message along with the price.

There a lot of updates deliberate for Google Tez in 2018, Sengupta, with some “big features” for retailers.