IT&Software

Google Launches Mobile Payment App Tez In India

Google Launches Mobile Payment App Tez In India

In tune with reports, Google has hopped onto the digital payments drive in India by launching its mobile wallet app and payment service called "Tez" (which stands for fast in Hindi).

"Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala". To establish an account and to use Tez, you must be in India, have an Indian bank account and an Indian mobile number.

The Google Tez app supports various local languages including Hindi, Gujarati, Marathi, Bengali, Tamil, Kannada and Telugu.

Google today launched Tez, its new digital payment app developed specifically for India.

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First, you need to download the Google Tez app from the Google Play Store or Apple App store. "Using NPCI's (National Payments Corporation of India) Unified Payments Interface (UPI), money transfers are simple & secure with Tez", the app's Playstore description reads. To attract users, Google has announced that by getting Tez Scratch Cards in the app, individuals will stand a chance to win up to Rs.1,000 for each eligible transaction. Each time the app is opened, users will have to either enter PIN or scan their fingerprint in order to use it. You can also see it as an alternate to BHIM app. Users don't need to do anything, just make transactions and the winnings will go straight to your bank account- that is, if you win! Payments can also be done to contacts on your phone if they have a Tez account or have a UPI address enabled. To receive money, you can share your details with others.

There is also an option to send a text message from their registered phone number through Google "Tez" app. Tez will then search for the bank account linked to their number and ask them to verify it.

Moreover, it supports over 50 UPI enabled banks, UPI which is India's official Digital payment method. Google has tied up with banks such as Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI.

The app also comes loaded with Tez Shield, which adds some extra layer of security and prevents it from getting hacked. And if you're a business owner who would like to integrate Tez into your company, you can visit Tez for Business here. Post this limit, there will be additional requirements, along with bank fee.


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