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Monday 18 September 2017

Google Tez, UPI enabled digital payment service launched in India

Making a foray into mobile payments sector in India, tech giant Google today launched its Android payments app, Tez. Send money to friends, instantly receive payments directly to your bank account & pay the nearby café 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 Google Tez.
Tez for Business
Additionally, Google has rolled out the application for business users. “Business owners and shops can use the Tez app with their individual current account to start accepting digital payments today. Payment goes directly to your bank account — all with no fees. We are working to support shopkeepers with other types of current accounts soon,” Google said on its website. Business users, can find more information about the platform on Tez for Business website.
Cash Mode Feature
There’s also a ‘Cash mode transactions’. “Use Cash Mode to send money instantly to another Tez user nearby without needing to share private details like your bank account or phone number. Now you can transact with the simplicity of cash, but with added security,” Google explains on its website. The technology works like NFC and uses ultrasound rays to connect two phones through the phone's microphone and speaker. Your chaiwala, milk man and your salon can now accept payments on the spot with Cash Mode.

Made for India First| Direct from Bank| Simple as Cash| Built around you| Google Security

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