Google Launches Its Mobile Payment App Tez In India

Google to launch 'Tez' mobile wallet in India

Talking about the Google Tez, Tez means fast in Hindi and this is claimed to be one of the highlights of this new app. Google Tez is a standalone payments app that is available on both iOS and Android. The phone will search for another smartphone nearby, which has the Tez app and UPI installed on it. Google says this mode will quickly transfer money with nearby users with audio, and doesn't require sharing of phone number.

The Indian banks which support this new Google Tez Payment gateway are Axis, HDFC Bank, ICICI and State Bank of India.

"Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala". Google's new app Tez is a mobile wallet which links your phone to your bank account. With Tez, you can send money straight from your bank account.

Finally the much awaited UPI based payment and wallet application, "Tez", by Google has been launched in India on Monday.

Google Tez is available on Android and iOS and it is a standalone payments app which is powered by UPI, a payments protocol launched by National Payment Corporation of India (NPCI).

Each transaction is secured with the user's UPI PIN and the app is secured with a Google PIN or screen lock methods such as fingerprint, the company said.

Local PG&E workers fly to Florida to help after Hurricane Irma strikes
FPL also said it will proactively shut down certain substations before they flood, so they can turn them back online more quickly. Duke Energy Corp., the state's second-largest utility, has estimated it could see more than 1 million outages because of Irma.

Using Tez lets you win huge rewards by way of Scratch Cards of upto Rs 1,000 which can be won with each eligible transactions. The app is very user-friendly.

Messaging app WhatsApp is in talks to launch its own payment app in India, which will also be run on a UPI framework.

Enables users to transact with an existing bank account and no need to open a separate account.

Moreover, Google has also introduced Tez for business. Subscribers just have to make sure that they use the same phone number that is registered on the app and is linked with the bank account. UPI allows for easy transfer for payments within bank accounts.

To make Tez secure, Google has added a few layers of security.

In addition to the support for banks, Tez also supports online payment partners which include Dominos, RedBus, and Jet Airways. Beyond that limit, the banks might start charging a fee. Or else, there is also a specific QR code for making payments by directly scanning the code.

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