Internet giant Google on Monday forayed into the crowded but promising space of payment solutions in the country with the launch of its 'Tez' application. This was a huge success for Google as in India, already many UPI based interfaced apps have been launched like PhonePe, BHIM but they were never successful as people are not feeling secured in Digital Payments. But now, Google Tez is launched with several features, we hope more and more digital payments would be converted so that people become more and more aware of this app:
What will Google Tez do?
Built on the government backed Unified Payment Interface (UPI) platform, the app allows users to do financial transactions like sending money and receiving payments directly into bank accounts of individuals and merchants.
Google Tez now available for 55 banks:
Designed in a chat-like interface, Google has released Tez on both Android and Apple iOS platforms. Google has partnered with four banks — Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) — for the solution. While they will be exclusive platform partners, Tez will work with all 55 banks who are on the UPI platform, Google said.
Tez is for India to support Digital Payments:
"Tez has been made for India and will make payments as simple as cash," said Caesar Sengupta, vice president, Next Billion Users team, at Google.
More Features in Google Tez:
It comes with features that Google said makes it easy and safe to use.
To tap into the large merchant base with whom people may not be comfortable sharing their details, Tez offers a feature called Cash Mode where one can pay without sharing bank details or phone number.
This is done through technology called audio QR that works like near field communication (NFC) and uses ultrasound waves to connect two phones through microphone and speaker.
User complaining for Google Tez Bugs:
Many users have complained online for Google Tez bugs in accessing Audio QR payments section. Also, many users compained the NFC feature is creating problem. Also, this app is being compared with BHIM which has the easiest interface ever. Currently, this is the first version, we hope Google would fix all these small issues in the next updates itself.