Google Tez digital payment service launched in India Google on Monday launched its mobile payment service, called Tez, in India. The payment service allows users to transfer money via their bank accounts as well as Unified Payments Interface (UPI) ID, QR code and phone number. Google Tez is a stand-alone application which is available for both Android and iOS.
As an introductory offer, Google has introduced a reward program under which users can make Rs 51 when referral makes their first payment. A user can earn a maximum of Rs 9,000 per financial year, and user can only be paid once for inviting the same person once. The offer expires on April 1, 2018.
Google Tez digital payment service launched in India
Google will be holding an event in Delhi today to announce more details about the application. Details about the application, however, are already available through a dedicated website.
Along with all major Indian banks, Google has also teamed up with Dominos, RedBus and PVR as payment partners. 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.
How to get started with Google Tez:
First, you need to download the Google Tez app from the Google Play Store or Apple App store.
Step 1: Choose a language to get started. The app supports a range of Indian languages such as Hindi, Bengali, Gujarati, and Kannada, among others.
Step 2. Enter your phone number. The phone number should be linked to your bank account.
Step 3. Choose a Google account for receiving alerts, notification and verification.
Step 4. Google Tez supports in-app lock. Though you can use your existing screen lock or create a new lock for Google Tez.
Step 5. Now, you have reached the home screen. If you want to make payment through UPI, select your bank account number. Google has tied up with a number of banks, including Axis Bank, HDFC, ICICI Bank, State Bank of India. It also supports payments bank Airtel Payments Bank.
Step 5A: You can also link your account number. You will have to provide basic bank details such as account number and IFSC code, as you would do for internet banking or mobile banking.
Other key features in Google Tez
- – 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 in Google Tez
– Pay through debit and credit cards on Tez.
– Pay and set reminders for recurring bills such as DTH.
Use Google 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 ₹1,000 with each eligible transaction. Plus, your weekly transactions** enroll you in Tez’s Lucky Sundays contest where you could win ₹1 lakh every week.
**Transactions must be ₹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 ₹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.