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Google launches, 'Tez', UPI based wallet and payments app

19 September, 2017, 00:35 | Author: Abraham Jackson
  • Tez will require users to connect their bank accounts directly and any payment made through Tez will directly deduct the balance from the bank account — no hassle of topping up a separate wallet

India is the second most populated Asian country after China that is developing notably with days.

The app doesn't charge any amount of money on transactions and is much different from the prevalent mobile wallets in the nation.

Users can make payments via phone numbers, QR code or UPI Id on Tez. This is the Government's service to integrate banks to such applications.

"Backed by Google's expertise in security and machine learning, Tez Shield works 24/7 and uses multiple signals to help detect spam, fraud, prevent hacking, and to verify and protect the identity of every user". Users can not store money in Tez.

The supported banks by this app ares state bank of India, HDFC, ICICI Bank, Axis bank and all other banks that actually support the UPI (Unified Payment Interface). Other networks such as Dominos, RedBus, JetAirways.

Internet giant Google has forayed into the payment space in the country with the launch of a payment solution, called "Tez" (fast). Since the app has been made specifically for India, it supports all the major Indian banks and offers support for various languages such as English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. Auser can earn a maximum of Rs 9,000 per financial year, and user can only be paid once for inviting the same person once. It gives you 20 transfers a day. To "cash" in on this trend, Google has introduced its own payment app made especially for India.

Google has launched "Tez" a new Payment Application in India for both Android and iOS devices. The name of the app, i.e. "Tez" means in Hindi language as "highest speed" in India.

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Google's Tez will sync with the user's mobile number and just like in the BHIM app, this needs to be same number which is synced with the bank account.

Make sure to choose Google account to get notifications, verification and everything related to your new Google Tez account.

The top features of the Tez app include the following.

This is all you have to do, you are on the home screen of this app.

You can use this app to send and receive money directly on your bank account. If you win, the rewards will directly go into your bank account. Payments can also be done to contacts on your phone if they have a Tez account or have a UPI address enabled. The new app lets you make mobile payments and also send payments to your friends and family.

There's also a "Cash mode transactions".

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