Google launched its UPI based payments app called Tez at an event in New Delhi today. Google Tez mobile app is similar to Indian government?s BHIM app.
The Tez app launch event was also attended by Finance Minister Arun Jaitley. Users, with UPI apps, can just use their phone numbers to make direct payments to the bank accounts. You will not need any account number, bank IFSC code and such details. Your mobile number is your Virtual Payment Address (VPA), but you have to use the same number that is linked to your bank account.
Now you can send money to friends, instantly receive payments directly to your bank account & pay the nearby cafщ with Tez, Google's new digital payment app for India. Using NPCI's (National Payments Corporation of India) Unified Payments Interface (UPI), money transfers are simple & secure with Tez.
Top Features
- Transfer directly to your bank account. Simply link your account to Tez over UPI and instantly transfer money from bank to bank.
- Know your money is secure. With Google?s multi layered security and 24/7 protection by Tez Shield, you can make payments and transfer amounts both big and small, with confidence.
- With Tez?s Cash Mode, you can instantly send or receive payments to anyone nearby without sharing personal details like your phone number or bank account.
Upcoming Features
- Pay through debit and credit cards on Tez.
- Pay and set reminders for recurring bills such as DTH.
Use Tez for All Your Payment Needs
+ Pay and receive money directly from your bank accounts
Tez works with your existing bank account*, which means your money is safe with your bank and you?ll continue to earn interest. There?s no need to open a separate account or worry about reloading wallets.
*Tez works with all banks in India that support UPI.
+ Pay your friends and family anywhere anytime
Use Tez for daily transactions and also larger transfers easily. You can pay or receive money from anyone who has the Tez App or any other UPI supported app by simply selecting them from your contacts list or by entering their UPI ID.
+ Multiple layers of security from your bank, UPI, and Google
Your money is secure with Tez Shield working 24/7 to help detect fraud, prevent hacking, and verify your identity. Each transaction is secured with your UPI PIN and the app is secured with a Google PIN or fingerprint.
+ Transfer money to anyone nearby
Use Cash Mode to securely send money to people nearby without sharing private details like your phone number.
+ Made for India
Tez works with all major Indian banks and with a vast majority of smartphones, so you can pay or get paid by almost anyone. Tez offers language support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. To establish an account and to use Tez, you must be in India, have an Indian bank account and an Indian mobile number.
+ Get Rewarded
Get Tez Scratch Cards (TM) in the app and be eligible to win up to тВ╣1,000 with each eligible transaction. Plus, your weekly transactions** enroll you in Tez?s Lucky Sundays contest where you could win тВ╣1 lakh every week.
**Transactions must be тВ╣50 or more per user. See full Tez Offers Terms and Conditions for all details.
+ Paying in shops is easier than ever!
The chaiwala nearby, your milk delivery service or even your favorite salon can now accept payments on the spot with Cash Mode. Pay instantly and get quick payment confirmation all while keeping your personal and bank details private.
Small business owner? Use Tez with your current account to start accepting digital payments***. Get paid directly to your bank account instantly.
***Merchants with individual current accounts can receive up to тВ╣50,000 per month with UPI with no fees. Beyond that, your bank may charge fees or may impose additional requirements.
+ Pay online with Tez
Tez makes it faster and more secure to pay on apps and websites - anywhere UPI is accepted. When you checkout, look for the Tez logo or use your Tez UPI ID.