Google Tez Already Has Over 4 Lakh Active Users Within 24 Hours of Launch

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Within 24 hours of the Google Tez digital payment application being launched in India, Google has seen almost 1.8 crore gross volume of merchandise (GMV) made with more than four lakh active users.

“In the last 24 hours, 1.8 Crore GMV made in Tez already with 410,000 active users,” a Google spokesman told IANS on Tuesday.

Gross value of the merchandise or GMV is the total value of the merchandise sold over a given period of time.

Finance Minister Arun Jaitley launched the application in the capital Monday afternoon, saying Tez’s idea was discussed in January by Google’s Indian CEO Pichai, right after the demonetization.