The app lets the user pay bills, send money and receive payments directly into their bank accounts (after the app is linked to their bank account to verify ownership).
Although a number of UPI-based apps in India are available, Google has on offer, several new features in Tez, including "proximity" transactions that allow people to carry out "cash" transactions without revealing their phone number or bank account. With Tez, you can send money straight from your bank account.
The Tez app supports eight languages, including English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. Google Tez has been made available for both Android and iOS. The app, Tez also translates to fast in Hindi. After that, the user has the option of setting a secure lock code for the app via Google Pin or they can just use the screen lock pattern/pin/password. It will also compete against WhatsApp, which is also planning to introduce UPI payments in its app later this year. Google's Tez is based on UPI platform, which stands for United Payments Interface and has been made by the National Payments Corporation of India (NPCI). The software links directly to bank accounts, so there's no hassle of topping up a virtual wallet or creating a new account.
The application even has a Cash Mode that will enable instant transactions with anyone nearby without sharing personal details like a phone number or bank account. Unified Payments Interface, which enables the service compatible with all the major banks. Tez provides security throughout the payment process from customer to business and back. There is also has a separate business portal for sellers to register themselves and accept payments through Tez itself.
Here you have to enter your basic account details of your bank which you want to link here. Google has tied up with a number of banks, including Axis Bank, HDFC, ICICIBank, State Bank of India. Because Tez detect's them and you have a secure payment experience.
As far as paying on websites and services with Tez is concerned, we should see more of these services integrate Google's digital payments service going forward.