Google Tez Apk Download: The new payment app for India announced

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Google Tez Apk Download: Google has come up with a new payment app for India, Google Tez which is based on NPCI’s UPI platform. Google’s VP for Next Billion Users launched the app in New Delhi at an event in front of Finance Minister Arun Jaitley. The app has been developed for both Android and iOS users. It is not a mobile wallet like Paytm or MobiKwik. The app is made on UPI which allows its user to pay directly from the bank accounts.

Google’s Caesar Sengupta said, “Google Tez app is design for India and made in India. It supports seven Indian languages and more will be on the way. Our focus with this is on digital payments.” He also made an announcement that  the company will going to be the partners with other mobile businesses like Nokia, Lava, Xolo, Panasonic and Micromax for the pre-installment of the app in the new coming smartphones.

The honorable Finance Minister Arun Jaitley at the event said, “January was when discussions first started around this app with Google with Sundar Pichai, Caesar Sengupta, and Rajan Anandan. The Tez Android application is one of the most simple forms of monetary transactions. It represents a major advance in the direction of a cashless economy and it is good to see that Google has achieved in eight-to nine months what they had planned with the launch of the Tez app.”

Google Tez Apk Download

Google Tez Apk Download
Google Tez Apk Download

With this app the user will get feature of reminder of other UPI based payment application. For making a transaction complete the user must have Gmail account and mobile number for OTP purposes. The user interface of the app is chat based. The payment service with this app is boosted after partnership with the leading banks HDFC, ICICI, Axis and State Bank of India. With this it doesn’t mean that the payments from other banks cannot be possible. The bank which supports UPI will be eligible for the payment.

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The above mentioned banks are the one which provides payment service to the Tez. This is so because the UPI rules only authorize these 4 banks. Aadhaar card linking is not mandatory as per the UPI rules. Google Tez is basically lite and secure app in its category. The download size is only 7 MB. The transaction with Tez only possible when the user has a UPI PIN.

Google Tez Apk Download
Google Tez Apk Download

Google’s executive explained everything in detail and clear. The other mandatory thing is UPI Pin as per the guidelines of NPCI for making this type of app available in India. The 24×7 customer care support will be available and to avoid spamming a new fraud engine is also implemented in the application as explained by Google’s Diana Layfield, the VP of Finance and Commerce for Next Billion Users.

Stay tuned with TCD! for more news.

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