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Google Launches Tez – A smart way to make cash payments via UPI


Google’s official mobile payments app for the Indian market – Google Tez has been finally unveiled. The name Tez – translating to fast, is available on the Play Store and the Apple App Store.

UPI Based

This app marks as Google’s first big foray into the mobile payments in India. The app will be working with all banks that support the Unified Payments Interface (UPI), which in turn is backed by the National Payments Corporation of India (NPCI).

The Google Tez app helps you in sending and receiving money from friends, linking up your bank accounts to your phone and paying for goods online as well as in physical stores and lots more.

Tez is however not a mobile wallet in the same style as Paytm. There appears to be no option to store money in a wallet as such on this app. Your wallet is basically your UPI connected bank account. Tez backs up most of the known banks such as ICICI, Axis, State Bank of India, HDFC, among others.

The current limit is Rs 1,00,000 on a transaction for one day wherein you can do up to 20 transactions in a day.

Here’s how Google Tez works

After downloading the app, you will be selecting your language of choice from the eight languages, including seven regional ones.

After this, you add in the phone number which is currently associated with your banks.

On the home screen, a major portion is occupied by the ‘Tap for Cash Mode’ button, which has a Tez logo. After tapping it, you will notice two options which are Pay and Receive. You can select any one depending on whether you are making a payment or receiving it.

As you tap on the Rupee symbol on the bottom half of the device, you will be shown a list of contacts who have Tez installed on their phones.

To ensure more people get on the app, the app gives you and your friend (who is not on Tez) Rs 51 to get on the app. This amount will be paid to you when your friend make their first payment.

In addition to this, there is another tab called Rewards, which will also pay you for making payment transactions using the Tez app.

What’s Missing

Currently there are no dedicated businesses which are eligible for recurring payments, such as your phone service provider or electricity bill provider. Google has joined hands with services such as RedBus, PVR Cinemas, Domino’s Pizza, DishTV and Jet Airways as its launch partners. The Tez payment mode will most probably be active in these apps.

There isn’t any interface to add in your Debit or Credit card details, if you want to pay via those means.

Get Tez Now

However it seems to be like a quick way of making and receiving payments, and also keeping in line with the UPI thought process, knowing Google, expect heavy promotions of this app in the coming days.