Google enters India's digital payments market with mobile app called 'Tez'

Google has officially announced Tez, its latest UPI-enabled digital payment app in India. This enables users to pay others without exchanging sensitive personal information such as your bank account or phone number.

For money transfers, there is a limit of $1,561 (INR1 Lakh) in one day across all UPI apps, and 20 transfers in one day. In the next few weeks and months, Google will be working with its partners to add even more ways to pay on Tez (credit cards and wallets) and more places to pay.

One useful feature - as in Paytm and other mobile wallets such as Mobikwik - is the ability to transact between two users of the app without sharing details of bank accounts and so on. The payment app also supports various local languages including Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu. "Using NPCI's (National Payments Corporation of India) Unified Payments Interface (UPI), money transfers are simple & secure with Tez", the app's Playstore description reads. Verification can be done simply by sending a text message from their registered phone number through the Google Tez app's interface. You will have to create a new UPI Pin, which will be required to carry out transactions.

Step 5A:You can also link your account number. Now you use your Google pin or use your screen lock.

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Since most the government supported apps such as BHIM are awful to use, Google's app comes as a breather.

To make or receive payments or paying bills the app, a user has to link the Google Tez app to his bank account.

Getting Tez Scratch Cards (TM) in the app makes you eligible to win up to Rs. 1000 with each eligible transaction. Tez app, which translates in English to "being fast", can be installed from the Google Play Store and Apple's App Store. It's a bit late to the game considering how popular apps like Paytm already are, but the search giant does have a considerable base in the country using its other services. This cash mode allows you to pay your family and friends nearby without having to deal with the nuances of bank details and long identification numbers. You need to use Tez for making payments and if you win, the bounty goes straight to your account. The phone number should be linked to your bank account.

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