Google TEZ App: Tez, Google’s Payment service launched today in India. Honorable Finance Minister of India, Arun Jaitley has unveiled the Google Tez Mobile App. Google’s own payment app works on both smartphone and desktop. The word Tez means ‘Speed‘ in the Hindi Language. Aimed at Faster and secure means of payments, Google Tez will be giving a tough competition to other payment services.
Search Engine Giant Google’s new digital payment app Tez will support Unified Payment Interface UPI as well as other wallets like PayTm and Mobkwik. Google has been planning to launch the Tez mobile app from last few months. Google has completed the testing of its TEZ app in July itself and waited for RBI’s approval for the launch. TEZ app is a multi-layered payment service that can be used for e-commerce purchases and other financial transactions.
Google in a note stated that “Send money home to your family, split a dinner bill with friends, or pay the neighborhood chaiwala. Make all payments big or small, directly from your bank account with Tez, for India
Difference Between Google Tez and Paytm
Google Tez App is quite different from other mobile wallets like Paytm and Mobkwik. Tez is more like an Apple’s wallet which would link your bank account and smartphone. It allows paying bills by directly deducting the money from your bank account instead of storing your money in the app.
Tez Digital payment App will be supported by banks that include Axis, HDFC Bank, ICICI and SBI and others that support UPI. In addition to English, Google’s new digital payment app supports all Indian Regional languages like Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.
Tez App Transaction Daily Limit
‘Tez’ to take India closer to digital transformation: Pichai
New Delhi: A day after Google launched its new digital payment app “Tez” in India, the company’s Indian-born CEO Sundar Pichai on Tuesday tweeted it will help India move closer to digital transformation.
“We hope that the launch of @TezByGoogle will help take India one step closer to your vision of @_DigitalIndia,” Pichai tweeted.
Finance Minister Arun Jaitley who launched the app here had said the idea of “Tez” was discussed by Pichai in January, just after demonetisation.
“Google saw a great potential in Indian economy and businesses,” Jaitley said, adding that Google’s new digital payments app over the next few months was likely to make major advances in digital transaction volumes.