Google Launches New Payments App Tez For India: 5 Things To Know

Google Tez UPI based mobile payments app launched in India

Google Tez UPI based mobile payments app launched in India

There is no need to reload a digital wallet. Most UPI based payment apps allow transactions up to Rs 1,00,000 and up to 20 transfers a day, similarly the Tez app also works on alike set of rules. The word Tez means 'Speed' in the Hindi Language. Google is planning to compete with the Amazon and Facebook. "Make all payments big or small, directly from your bank account with Tez, Google's new digital payments app for India", Google notified users on its newly-launched portal. Moreover, this will provide a major boost to the UPI payments technology, something that the Indian government has been trying to promote for about a year now. It came into existence after the completion of nine months after the Sundar Pichai revealed this officially. The app supports multiple languages such as Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu. It has the straightforward interface. Funds can be also transfer using phone number, QR account and bank account number.

In Tez, money will be directly deducted from bank accounts, hence there will not be any need to store the money. However, it is not the PIN needed to carry out transactions.

To send money to another user, you then enter in their UPI ID, or select their phone number from your contacts list, if they're also using Tez. While not as comprehensive and flexible as Paytm, Tez does have a business section where you can pay enrolled partners directly and receive offers from them.

Supported banks include Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI. The company has partnered online bus ticketing service RedBus, PVR Cinemas, Domino's Pizza, Dish TV and Jet Airways as launch partners.

However, unlike other apps like MobiKwik, Paytm, PayPal etc, Google "Tez" can not be used as a wallet.

Google also has a cash mode option in the app, which is a proximity based transfer. Find us on Facebook too! By using the app, the customers can pay for their required offers. For that, click on Business Messaging.

According to the company, all transactions on Tez are secured by "Tez Shield" that detects fraud, prevents hacking, and verifies identity.

We all know Android Pay as Google's mobile payments app, but to date, it still only supports 14 countries. In addition to that each and every transaction is protected with a UPI PIN and the app can be locked with a pin or pattern lock.

You start by installing the app on your device. Today, Google Tez, a UPI-enabled digital payment app has been launched in the country.

She said that the players are getting attracted to the platforms for buying the online and offline goods.

Upcoming smartphones from Lava, Micromax, Panasonic, and Nokia will feature the Tez mobile payments app out of the box. This process will create a UPI Id for you in the Google Tez app.

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