Search giant Google has launched its payments app – Google Tez in India. The search giant has launched the google payment app just for India.
It is available for both Android and iOS users. Google has tied up with all the major banks such as SBI, HDFC, Axis and ICICI for its UPI (Unified Payments Interface)-based app.
With Google Tez, users can pay directly from their bank accounts which means, there’s no need to open a separate account or worry about reloading wallets. The app also has a Cash Mode, which enables users to instantly send (and receive) money to nearby Tez users without the need to share details like bank account or phone number.
Users can also scan QR code to send money. Google has partnered with smartphone brands such as Micromax, Panasonic, Lava and Nokia for the distribution of the app.
Google Tez will also has some offers such as scratch cards, referral rewards and lucky Sunday lucky draw.
The company has said that business owners and shops can use the Tez app with their individual current account to start accepting google digital payments. The business owners will be able to accept Rs 50,000 per month for their businesses without any fees.
To use the app, both Android and iOS users need to download the app and set a Google Pin or screen lock. They then need to link their bank accounts with the app. This can be done in a few simple taps. Once the process is complete, users can start sending as well as receiving money.
The app also has Tez Shield which the company claims works 24/7 to protect users from any hacking and fraud.