Tez payment app is finally launched by Google India. It is Google’s smart initiative to leverage India’s booming cashless economy .It will enable users to do the payments as well as send and receive money by use NPCI’s (National Payments Corporation of India) Unified Payments Interface (UPI). Pre-requisite to pay with this app is simply a local phone number and an Indian bank account number. Tez is India specific app that allows users to do direct payments in 55 Indian banks from one account to another.
The app is offered in seven Indian languages that include Hindi, Gujarati, Kannada, Marathi, Tamil, Telugu and English. It is a bit different from existing popular payment solution and doesn’t require Aadhaar verification thereby making the digital payment even more simpler.
Video source: Gadgets 360
Below are the Tez app features:
1-Instant and Simple Transaction
The cash mode transfers money securely with few clicks. Two Tez app users can do the payment within seconds without sharing their phone numbers and account numbers with a simple press and hold of cash mode button at same time. This feature is possible via Google’s Audio QR (AQR) ultrasound technology to pair the smartphone
2-Pay to Anyone
The app syncs the contact list of users that allows users to initiate a transaction by simple search for name or phone number. After a contact is listed on Tez app user won’t need to add beneficiaries or input the bank account details like account number or IFSC code. If the payment is to be done to someone missing from the contact list it is possible with UPI ID or bank account number.
3-Multiple Layers of Security
A dedicated security system offered by the National Payments Corp. of India (NPCI), Tez Shield and Indian banks, is implemented to ensure zero compromise on security at any level. It has a fraud detecting engine on behalf of machine learning. Device level security that includes a Google PIN and policy of not sharing users bank account number or phone number in cash mode further boost the security of the app
The app is now available only on Google Play Store and iOS App Store.
Mobile payment apps are playing a vital role in revolutionizing the digital landscape. Tez is one such effort by Google to push digital India towards it’s goal. Waiting for your views and query in this regard.
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Mobile AppsWhat's Hot
Sep 19th, 2017
Tez payment app is finally launched by Google India. It is Google’s smart initiative to leverage India’s booming cashless economy .It will enable users to do the payments as well as send and receive money by use NPCI’s (National Payments Corporation of India) Unified Payments Interface (UPI). Pre-requisite to pay with this app is […]