'Tez' designed to make e-payments simple, secure: Google

Google to launch 'Tez' mobile wallet in India

Google has announced the launch of its new India-centric UPI based mobile payments app, Tez. The new mobile application enables you to send and receive money from friends by linking up your bank accounts to your mobile.

Google has just recently launched a special mobile application, called as "Tez", for the goal of allowing its widely growing numbers of customers in India, to make payments and other transactions easily. Tez weighs about 7MB in size and is claimed to work with a vast majority of Android smartphones, going back to Android 4.4 Kitkat for support.

Google Tez now supports Hindi, English, Marathi, Tamil, Gujarati, Telugu, Kannada and Bengali. Support for the government-backed UPI (Unified Payments Interface) means the service is compatible with a number of major banks. The app, Tez also translates to fast in Hindi.

Google to launch 'Tez' mobile wallet in India
Google launches its mobile payments app Tez in India

Tez works with all banks in India that support UPI. Tez also has a gamified section called Scratch Cards that allow users to randomly win money whenever they use the service. It is to be noted that the transactions need to be Rs 50 and more per user. Also, the number of tech-focused people is pretty massive here where most of the people prefer to go for the mobile payment service for any kind of purchase, small or big. Google's Tez is based on UPI platform, which stands for United Payments Interface and has been made by the National Payments Corporation of India (NPCI). There, choose the bank name and your account will be automatically detected with the help of phone number.

Moreover, Google has also introduced Tez for business. Then came BHIM apk for iOS and Android which enables users to receive or pay directly from bank accounts. After you've entered the details, a bank OTP is required for verification along with the UPI Pin. The app works as a mobile wallet and allows users to transfer money directly from their bank account. Post this limit, there will be additional requirements, along with bank fee. If you've already set up your account, the payment process is simple, and similar to Paytm transactions.

Tez also provides a separate Tez for Business option for vendors who wish to add it as a payment option. Google has partnered with four banks - Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI).



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