Finally the much awaited UPI based payment and wallet application, 'Tez', by Google has been launched in India on Monday.
Tez, a hindi translation for fast will allow the user to pay for every purchase of goods and services in a secure way and the best part is one can do so both online and offline and also make person to person transactions.
Through this fast UPI based payment application of Google one can send money and receive money directly to the bank accounts.
“Send money to friends, instantly receive payments directly to your bank account and pay the nearby café with Tez, Google's new digital payment app for India,” is what the description reads on Google’s Play Store.
Google has developed this payments app by working in tandem with the National Payments Corporation of India (NPCI) in accordance with itsUnified Payments Interface (UPI) standard.
With Tez one can transfer money to any UPI enabled bank account. For this Google have been working in coordination with multiple banks.
NPCI's own UPI based app BHIM has similar feature wherein users can send money to others by saving their account numbers and IFSC codes.
Apart from English and Hindi, Tez will be available in Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.