Tech giant Google on 18 September 2017 launched its Android payments app, Tez.
The app allows users to do financial transactions like sending money, receiving payments directly into their bank accounts and paying bills. The users can link the app to their bank accounts. "Using NPCI's Unified Payment Interface, money transfers are simple and secure with Tez".
“Google Tez app is designed for India and made in India. It supports seven Indian languages and more will be on the way".
Interestingly, Google Tez has not included Aadhaar verification for payments, unlike BHIM, the other big UPI payments app. “Adding an option for payment by Aadhaar is not mandatory in the UPI rules yet". Google is touting Tez as a lite and secure app. The app is only 7MB in size and in order to carry out transactions, a user will require a UPI PIN.
In case of some businesses like PVR etc, users will be able to make payments directly via the Tez app. The business in turn can give users offers, send discount coupons, etc.For example, if a user wishes to make payments on PVR website via Tez, they can choose that option and enter their Tez UPI id. After that a request appears on the user’s Tez app and they just have to enter the UPI Pin to make the payment. Or they can choose to decline the request as well.
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