Google launches new Tez payments app for India

Google debuts Tez, a mobile payments app for India

Today, Google has launched their new mobile payments system in India dubbed "Tez", meaning "fast" in Hindi and Urdu.

"Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala".

Tez differs from the other mainstream mobile wallet in India, PayTM, by linking directly to users' bank accounts enabling them to make payments from those accounts. The search engine giant's new app will let users link their smartphones to their bank accounts to pay for goods securely in physical and online stores, and for person-to-person money transfers. The app supports seven Indian languages, including Hindi, Tamil, Bengali, Gujarati, Telugu, Kannada, Marathi, and it supports English as well.

You can find out more information about the new Google Tez mobile payments application at the link below. 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. However, some details can be preserved if the user pays through the Cash Mode in the app. The app poses similarity to the existing government-sponsored payments app BHIM.

Tez is a localised payment service which according to The Ken will offer a comprehensive set of payment options like government-backed (UPI) along with Google's suite of apps and other popular payments services in India like Paytm.




If your primary number is the one linked to your bank account, then you need to make sure the smartphone has that SIM inserted in it. Also, there is a different "Tez for Business" app too.

You can use this app to send and receive money directly on your bank account.

Furthermore, Tez uses the phone's contact list, as opposed to adding people to the app or remembering bank numbers. Security is taken care of as well, thanks to Google's multi-layered security and 24/7 protection provided by Tez Shield. Post this limit, there will be additional requirements, along with bank fee. You don't need to hunt for coupon codes.

The app supports various banks including Axis, HDFC Bank, ICICI and State Bank of India and all other banks that support UPI. Businesses can integrate their own Business channels and get payments directly from customers.

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