Google on Monday this week launched a New app called TEZ which is a UPI enabled digital payments app only for India.
Currently, There are many more apps like BHIM app, Freecharge, Phonepe and the most popular paytm , and with this app Google has too joined the e-payment market.
Well it is not like other digital payment apps, it's unique due it's features and it should be cause it's from Google.
Let the future tell how this app would perform and if it could contribute in making India Cashless.
Let's talk about it's feature's further :-
TEZ app is made for india with the one of the best UPI Interface and is medium for all your bank transaction's between the sender and the reciever.
You dont store any money in your TEZ account, your money from one bank account is transferred to another without any transcation fees too and has over 50 Indian Bank's.
It has a special Mode called ''Cash Mode'' and we Indians love cash as it is the best payment method without exchanging any asset's, personal information and Future is all Cashless after few year's.
The Cash mode just scans nearby Tez user and pays to him without sharing any personal information and detail's.
You just need a basic internet connection, smartphone and most important your bank account....LOL.
These Transaction's happen as Google uses Audio QR Technology, which is similar to QR codes but more secure and efficient. So, You dont need NFC too just a Phone in-built MIC system.
TEZ support's many languages like English, Hindi, Bengali, Gujrati and many more.
Google says that TEZ comes with TEZ-SHIELD which prevent's hacking, fraud and verify your identity. For security, TEZ uses your phone fingerprint sensor or PIN ID or you can also use Google PIN for the security.
In case if somethong odd happen's customer's can reach immediatley to the Phone customer support.
The TEZ app is available on both ios and android phone's and currently is supported by RedBus, PVR, Jet-Airway's, Domino's and Dish TV.
Other than Cash-Mode ypu can make transaction's using QR code's too.Google should add NFC too in the future as I think.
There is additional support for Businesses as they can make there own TEZ channel's and can accept payment's.
Tez transaction's appear in a chat like window where you can exchange message's too,and when you pay at a restaurenrt using the TEZ don't be surprised when you get a Thank You message from the Restaurent owner as Acknowlegement.
The app got 4 lakh 10 thousand install's in just 24 hour's and that sound's great.
A Good initiative by Google toward's making Indian economy Cashless.




Comments
Post a Comment