A man stands in front of a screen during a Google event in New Delhi, India September 27, 2016. PHOTO: REUTERS
The payment service, called Google 'Tez', will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said.
Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.
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Google launched its payment app Android Pay in the United States two years ago.
A spokesman for Google in India did not immediately respond to a request for comment.
Google, Facebook and WhatsApp were in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.
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