Tez – A new payment app by Google for India

Tez is a new digital payment app by Google for India. With the help of Tez app you can send money to friends, receive payments to your bank account instantly or pay the bills in restaurants.Tez uses National Payments Corporation of India’s (NPCI) Unified Payments Interface(UPI) and it makes money transfer simple and secure.

Google Tez App
Image-Source: Google Play Store

 

Modes of Transfer

Tez app enables you to transfer money directly to your bank account. Just link your bank account to Tez over UPI and you can instantly transfer money from bank to bank. You can use your existing bank account. There is no need to open a separate account for it. your cash remains in your bank accounts. You will need Bank account number and IFSC code of the recipient. Bank to bank  transfer feature makes this app better than other digital payment apps.

Other modes of transfer available are by UPI ID, by scanning QR code and Tez User Phone Number. Tez app itself displays all your phone contact numbers who are using Tez or any UPI supported app, which makes it much easier to send or request money from your friends. You can also send or receive money from other UPI supported apps by simply selecting them from your contact list or by entering UPI ID.

Another unique feature in this app is the ‘Cash Mode’, which let you transfer or receive money to any Tez user nearby you without sharing your personal detail like phone number or bank account number. Tez uses ultrasonic sound waves to communicate with other devices nearby without any Near Field Communication(NFC) chips.

Security

Tez app offer multiple layers of security from your bank, UPI and Google. Your money is secure with Tez shield working 24×7 to help detect any fraud, prevent hacking or verify your security. Also each transaction in Tez is secured by UPI PIN and app is secured with google PIN or your fingerprint.

Other Support

Tez app is the app made for India. It works with all the major banks in India that support UPI. It also supports majority of smartphones which enables you to pay or get paid to anyone. Except Hindi and English, Tez also supports major Indian languages like Marathi, Tamil, Telugu, Bengali, Gujarati and Kannada.To use Tez you must be in India and have a Indian Bank account.

Shopping

Tez makes it easier to pay for your shopping or services. Pay for your cup of Tea, home delivery, malls and salon etc. Pay instantly and get quick payment confirmation keeping your personal and bank details private.

Small business owners can also use Tez app. Use Tez app with your current account and start accepting digital payments. Your payment will be transferred to your bank account instantly. Merchants with individual currents accounts can receive up to Rs. 50,000 per month with UPI with no extra fees. Beyond that your bank may charge fees or may impose additional requirements.

Tez also let you pay faster and securely on any websites and apps, where UPI is accepted. Look for the Tez logo or use Tez UPI ID on checkout.

Upcoming features

Google is also working on some additional features for Tez app. you will be able to pay with debit and credit card on Tez. Other feature will be to set reminder and pay for recurring bills such as DTH or broadband bills.

Rewards

Google is also offering some reward schemes for Tez users. First is  referral rewards. Invite your friends with your unique referral code and you and your friend you referred will get Rs 51 when he does the first transfer to other Tez user of minimum Rs 50. You can earn maximum of Rs 9000 in one financial year.

On each transaction over Rs. 50 you get a scratch card and you can win up to rs 1000 with each eligible transactions. Also, get a chance to win Rs. 1 Lakh on lucky sunday scratch card for weekly transaction of Rs 50 and more.

Download Tez App

Tez app is available in both Android and iOS app stores. Alternatively you can download from link here to get Rs. 51 on your first transaction.

Click here to download Tez and get Rs 51 on your first transfer

App Setup

Download app from app store and install it. Open app then follow the steps: Choose Language->Add Phone Number-> Choose or add Email Account-> Verify OTP->Create Phone lock or Google PIN. Your Tez account is ready.

Now add a bank account. Choose your bank. Tez app automatically detects bank accounts linked with mobile numbers. Click proceed when your bank account appears on screen. Then add card detail and create UPI PIN. You will receive an OTP from Bank once its verified you will be ready for your first transfer.

 

Also Read: WhatsApp may launch Digital Payment Service in India

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