Tech giant Google has launched its new digital payment app, Tez. Finance Minister of India, Arun Jaitley has unveiled the Google Tez Mobile App. This app works both on smartphone and desktop.
The word Tez means fast in Hindi. Google Tez is a standalone payments app, available on the Google Play Store as well as the Apple App Store and will support Unified Payment Interface UPI, a payment protocol built by government-backed organisation NPCI and regulated by the Reserve Bank of India.
The app allows users to do financial transactions like sending money, receiving payments directly into their bank accounts and paying bills. It supports all Indian Regional languages like Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.
TEZ app is a multi-layered payment service that can be used for e-commerce purchases and other financial transactions. The new Google Tez app can be used to pay for movie tickets, utility bills, and make other transactions online.
One of the interesting feature is called Tez Cash, which lets you make or receive payments from anyone nearby without sharing your personal details such as phone number or bank accounts. There is a limit of Rs 1,00,000 on the transaction amount in one day and you can do up to 20 transactions in a day.