Google has launched its mobile payment service, called Tez, in India.
Tez is a stand-alone application which is available for both Android and iOS.
Tez is a stand-alone application which is available for both Android and iOS.
About Tez
- The app allows users to transfer money via their bank accounts as well as Unified Payments Interface (UPI) ID, QR code and phone number.
- 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.
- Along with all major Indian banks, Google has also teamed up with Dominos, RedBus and PVR as payment partners
- There’s also a ‘Cash mode transactions’ option in the app that allows users to send money instantly to another Tez user nearby without needing to share private details like your bank account or phone number.
- UPI is a payment system launched by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India which facilitates the instant fund transfer between two bank accounts on the mobile platform.
