We realized the power of digital payment after the demonetization which happened last year on 8th November in India. During that period we all have seen tremendous growth in acceptability of digital payment apps i.e. paytm, mobikwik, ICICI pocket, chillr, HDFC PayZapp, Airtel Money etc only because of, the small merchants do not have any other option to accept the money. Before demonetization, these apps use to only recharge prepaid mobile phone, bill payments, DTH recharge etc but now moving forward these apps are using for making the payment for day to day purchases.
Google Payment App Tez Launched in India for Android and IOS
What you can do with this app
Send money home to your family, split a dinner bill with friends, or pay the neighborhood chaiwala. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment app for India.
How to use Tez app
Download Tez app in your mobile then enter your phone number, the app sends an SMS from your number to the bank to get UPI access and you will be charged Rs 1 for the SMS. It creates a fresh UPI ID for you and links it to the Google account. On Android, if you are using multiple Gmail id then the app will ask you to select the email id. On iPhone, users are prompted to sign into their Google Accounts manually.
Google Tez app creates a new UPI ID, or VPA, by picking up the name from the Gmail ID. For example, if your Gmail id is email@example.com and bank is hdfc then your UPI would be xyz@okhdfc
You can request for the payment or can pay to another user instantly and money will reflect into bank account directly.
Killer feature of Tez app- Pay nearby
Use Cash Mode to send money instantly to another Tez user nearby without needing to share private details like your bank account or phone number. Now you can transact with the simplicity of cash, but with added security.
No need to load money into wallet, Money in your bank
With Tez, you can pay directly from your bank account, which means your money is safe with your bank and you’ll continue to earn interest. There’s no need to open a separate account or worry about reloading wallets.
Supported Banks Tez uses UPI (Unified Payments Interface) and works with all major banks, including following partners: Axis, HDFC Bank, ICICI and State Bank of India.
Secure payments with Tez Shield
The Tez Shield works 24/7 to help detect fraud, prevent hacking, and verify your identity. Each transaction is secured with your UPI PIN and the app is secured with a Google PIN or your screen lock method such as fingerprint.
Pay online with Tez
Tez makes it faster and more secure to pay on apps and websites – anywhere that UPI is accepted. When you check out, look for the Tez logo or use your Tez UPI ID.
Earn Tez Scratch Cards to win up to Rs1,000 with each transaction and be eligible to win Rs1 lakh every week with Lucky Sundays. You don’t need to hunt for coupon codes. Just use Tez and if you win, your rewards go straight into your bank account.
Transactions must be Rs 50 or more with a unique user. See full Terms and Conditions for all details.
Made for India
Tez works with all major Indian banks and the vast majority of smartphones — so you can pay or get paid by almost anyone. And with language support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu, sending money is easy to understand.
– Pay through debit and credit cards on Tez.
– Pay and set reminders for recurring bills such as DTH.
Tez app will be pre-installed in few upcoming mobile phone brand i.e LAVA, Micromax, Nokia and Panasonic.
For business owners and merchants
Business owners and shops can use the Tez app with their individual current account to start accepting digital payments today. Payment goes directly to your bank account — all with no fees. Google are working to support shopkeepers with other types of current accounts soon.
If you sell online, check out Tez for Business.
Merchants with individual current accounts can receive up to Rs50,000 per month with UPI with no fees. After that, your bank may charge fees or impose additional requirements.