A digital Payment app has been released in India and it is primarily based on UPI technique by Google. This app is for each Android and iOS customers in India. Digital payment came into talk when demonetizations took place in the country and Google is now the latest entry to offer the digital payment. The app is Google Tez and it works equally as the other Payment apps on which customers can make bills and switch cash from their bank account by means of linking their account to the app
The app is available for use in 8 languages, including English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. it works with all of the main banks in India and in most people of smartphones. To take benefit of it, customers can down load the app on their Android or iOS gadgets for free and link their bank bills to it. To ensure security customers have to set a Google pin or screen lock. For making money transfer users wouldn’t have to share bank account number or phone number, the only requirement would be to set up the account at first.
Google has listed RedBus, Domino’s, Jet Airways, PVR Cinemas and DishTV as launch partners on the website.Users can look for a ‘Tez’ logo or use the Tez UPI ID on a product/ service to check if the mode of payment is available for it or not. At the start, Google has partnered with Axis, HDFC, ICICI and state bank of India for the backend processing. Google claims that the transactions achieved via the app are secured with the consumer’s UPI PIN whilst the app itself is covered by the Google PIN or the screen lock method of the user.
Google employs Tez protect to ‘help stumble on fraud, save you hacking, and confirm your identity’. The company also promises 24×7 phone and chat support to users as and when required. For initial promotions, Google has also come up with Tez Scratch Cards, which the users can earn as they use the app. The Scratch Cards promise up to Rs 1,000 cash prize with each transaction through the app, while a weekly draw titled ‘Lucky Sunday’ also offers a chance to win Rs 1 Lakh reward.
There is one more version of Tez app which is a business variant of this digital payment app. By using this business owner can accept payments directly to their bank accounts through the app. A business channel can also be created for online businesses, so as to give them better visibility through the Google Tez app. The channels are customizable and can be used to put up tailored offers by the businesses. Google says that it is working towards accepting other types of current accounts for shopkeepers as well.