TEZ : New Payment App By Google
Google has launched an Indian-specific payment app called Tez. It’s meaning “fast” in hindi. It runs on UPI and allows customers to send/receive payments directly into user’s bank accounts.
Tez, designed as a lite app. It is just 7 MB in size so it can be run in smaller Indian towns where the internet is slow. With compared to others it’s size is very small like Paytm is of 74.4 MB in size. It is easily available on google playstore.Tez got about 4 lakh active users in just 24 hours after launching. The date of launching is 18.Sep.2017.
Through this app you can easily transfer money directly to your account and can instantly transfer money bank to bank too. So, with these above mentioned features one more additional feature of this type is that you don’t have to store money in it.
The Tez app provide you full security it means that your money is full secured. The google’s multi-layered security helps to protect our money. Instead of this it also provide the 24/7 protection by “Tez shield” – to help in detecting a fraud.
The transaction is secured with your PIN and the app is secured with a Google PIN or fingerprint. Another feature of this app is that “Tez’s Cash Mode”- It sends or receives money without sharing your personal details like your phone no. or bank account. So, you can easily do transactions whether they are big or small with full security.
The app works on over 50 Indian Banks or more that links with UPI (Unified Payment Interface). To open an account your account must be in India, India’s mobile no., Indian bank account. The Tez app which supports the langu-ages are English, Hindi, Gujarati, Kannada, Marathi, Tamil and Telugu.
The transaction through this app must be Rs.50 or more per user. The payment can also make through QR code, phone number pr bank account details other than cash mode. The Tez transaction appear in a chat like windows, so don’t get surprised. Suppose you went to any store and done a payment through the Tez app, then the message of thanks came to you by the owner of the store.
This app is easily available for Android phones as well as for iphones too. In android it supports all the latest versions including lollipop too.
The another feature you may invite anyone to downlo-ad and join the app. If your invitee registers on the app through your invitation link then you and your invitee will receive Rs.50 each in bank account’s. If your invitee succes-sfully completes a payment using this app, you are eligible for the Tez Referrals offer. You can earn a maximum of 50 referral rewards.
Upcoming Features :
# You can pay through the credit and debit cards.
# Pay and set reminders for recurring bills such as DTH.
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