Google Tez UPI-Enabled Digital Payment App Launched in India

Indians now have one more app to choose from when they want to pay for movie tickets, utility bills, and make other transactions online. Ahead of its scheduled press event in New Delhi on Monday, Google unveiled Tez, the first digital payment app from the company for the Indian market as it enters the country’s booming digital payments industry that its global rivals Amazon and Facebook are also eyeing. Tez means fast in Hindi, which the company said was one of the top features of its new app.

Google Tez is a standalone payments app, available on Android and iOS, and is powered by UPI, a payments protocol built by government-backed organisation NPCI. The launch of Tez comes nine months after the company chief executive officer Sundar Pichai told NDTV in a televised interview that he was looking at UPI and ways to adopt it.

The Google Tez UPI-enabled digital payments app supports various local languages including Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu. The interface is straightforward. The company asks users to enter their bank account number and verify their ownership. They can do so easily by quickly sending a text message from their registered phone number through the Tez app’s interface. Once verified, Google prompts the user to add a UPI PIN, and then they can start making payments. They can then see all their friends who’re also using Tez, and request and pay money.

More interestingly, however, is the Google Tez “Cash mode” option, which transmits “audio” to identify the person nearby to you, and lets you pay or receive money when you’re able to find that user. The company has partnered with HDFC Bank, ICICI, and State Bank of India for backend processing.

Source: http://gadgets.ndtv.com/apps/news/google-tez-upi-digital-payments-app-india-launch-features-download-android-ios-1751566

Leave a Reply

Your email address will not be published.