Google Launched TEZ Payment App for India

Innovation, change, flexibility and customization are some most important factors to sustain in the race of this technical era. Google launched its new product in payment gateway. With more and unique features, this app is getting installed rapidly. In January 2017, Indian Finance Minister Arun Jaitley, Google's CEO Sundar Pichai and Caesar Sengupta, VP, Product Management at Google, met the minister and his team detailing the company's plan to make an e-payment apps. Thus Google launched app to the digital payment marketplace for both android and iPhone users. This Tez app is based on Unified Payments Interface (UPI) developed by National Payments Corporation of India (NPCI). 55 banks support to UPI including Axis, HDFC, ICICI, SBI and more. Till yesterday BHIM was the only app which was working on UPI and now Tez by Google added to it. Unlike other e-wallets, BHIM and Tez does not require any amount to be stored in wallet. Within 2 days, number of installations reached more than 50k.

Paytm, PayU Money and similar e-wallets need to add money in their wallets first from bank accounts and then can utilize for further payment. In this case, it need bank account number, IFSC code etc. As Tez is working on UPI, it works with just your mobile number registered for bank account. Simply add phone number either to send payment or to receive and them amount. Tez have better design and more options than BHIM or any other application. The integration of bank account with wallet is done by sending SMS associated with bank account.

There are various options to transfer money. Users with UPI id can proceed for payments. Those who don't have, can create it by registering with secure PIN for the same. The linked account can be used for transactions. The amount can be transferred by mobile number which is registered with UPI id. Other way is Tez app gives QR code to share it easily to receive payment. One can also scan the QR code to make payment by just simply scanning it with camera function of Tez app.

Another way is bank account number with IFSC code. If receiver don’t have any similar app which supports to UPI code, can be used this method. Sender have to add name and account number with ifsc code to transfer the amount. One more way is Cash Mode which allows to transfer of money with nearby Tez users. Cash transfer can be done without sharing phone numbers but instead of that it can be done within range itself. The technology works like Near-Field Communication.

Tez app supports major regional languages Hindi, Bengali, Kannada, Tamil, Gujarati, Marathi, and Telugu including English obviously. Google Tez offers users ₹51 to pocket on referral whenever that new user makes a transaction and maximum of ₹9,000 can be redeemed every year till April 1, 2018. Tez also giving some delightful surprises.

Google Tez for Business

Google Tez is also a good option for business. Major brands like Dominos, DishTV, Jet Airways, RedBus and PVR have already joined this program. It also works with e-commerce platform like Shopify and other payment gateway like PayU, Billdesk etc. One can easily create custom Business channel so that customers find this channel on their Tez dashboard to pay instantly. Attractive offers can also be sent to customers to increase business. User can pay securely with some simple taps. Tez provides 24/7 support to help detect fraud, authenticity and to make more secure.

Where to Download?

For android users, they can get this app on Google Play just click on link below
https://play.google.com/store/apps/details?id=com.google.android.apps.nbu.paisa.user

For iPhone users, they can download the app from iTunes on below link
https://itunes.apple.com/us/app/tez-payments-app-by-google/id1193357041

How to install?

After downloading the app setup security code or Google. It can be 4 digit PIN, fingerprint or pattern lock. Then enter mobile number to link your bank account associated with it and then setup UPI PIN. Now it’s ready to go for payments.

Cheers!

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