Google has introduced an all-new payment app named Tez in India. This has confirmed the recent reports about the app. The app utilizes Unified Payment Interface and works with 55 banks presently which include ICICI Bank, Axis Bank, State Bank of India, HDFC Bank so on. Presently the app provides support for many Indian languages like Gujarati, Bengali, Marathi, Kannada, Telugu, Tamil etc. This multilingual feature of the app is the main attraction for many Indians.
Moreover, the app can be utilized return to make online transactions on PVR Cinemas, RedBus, Domino’s Pizza, Jet Airways, Dish TV and many such online services. India is a nation where many people still utilize cash transactions but the app is looking forward to having a decent number of users with its offers that give users to win money with every transaction done utilizing the app.
The app doesn’t charge any amount of money on transactions and is much different from the prevalent mobile wallets in the nation. It seems to have been built on the grounds of Android pay and all online transactions are connected directly with the bank accounts. Subscribers just have to make sure that they use the same phone number that is registered on the app and is linked with the bank account.
Users can send money to other bank accounts using the app. If one has his UPI ID, account number or phone number. If that person is with you, then simply scanning the QR code and utilizing the Cash Mode will make the payment. The Cash Mode is designed using Google’s audio QR technology. A user has to swipe up on the Cash Mode button to make a transaction while the beneficiary has to swipe down to receive the amount.
Merchants and traders can also make use of the app by simply linking it with their bank accounts but before doing so, they have to show their interest by applying for the service. Once the request is approved, they will be capable of creating a business channel to forward offers to the buyers.
All transactions on the app are protected by Tez Shield, the security layer that is designed for the app which constantly detects fraud and makes it difficult for anyone to hack it. Moreover, every transaction needs you to key in UPI PIN before it is processed so the users can be at peace that no illegal transaction will be done given the fact that they don’t share the PIN with anyone.
Users are needed to secure the app using device screen lock which can be fingerprint or any of the available security options.
Google has more plans of about the app. It has also been reported that most of the upcoming phones manufactured by Lava, Micromax, Panasonic, Nokia will come with the app pre-loaded. Google has already got the name Tez Registered in nations like Philippines and Indonesia as well. Google will roll out the app in these countries very soon.