Google has finally launched its UPI-enabled digital payment application called Tez in India that allows you to securely pay both online and offline and also make person-to-person transactions. Google had been working with the National Payments Corporation of India (NPCI) to build the app in accordance with its Unified Payments Interface (UPI) standard.The app is aimed at catering to an audience looking for digital payment solutions.
Just like BHIM app, users can also transfer money to others with their account numbers and IFSC codes. As of now, the mobile app supports 55 banks in India, and they include ICICI Bank, State Bank of India, HDFC Bank etc.
When it comes to making payments, you need to tap on the recipient from the list of users using Tez. You can also add recipients using their bank account numbers and IFSC codes to transfer money or send money via a QR code, UPI ID or phone number.
Apart from this, Google also uses a method called ‘cash’ mode and this make use of proximity feature. In this case, users will be able to make transactions if they are near you and all you need to do is click on the ‘Cash’ button in the app, and follow the instructions.