Let’s Know the New App ‘Tez’ launched by Finance Minister Arun Jaitely

Today, on 18 Sep 2017, the Finance Minister Arun Jaitely launched the new Tez app. This latest Google’s UPI-based Tez payments app is targeted for Indian customers, unlike Android Wallet.

While releasing the Tez, Google’s New Payment App, Mr Jaitley stated, “Tez app by Google maybe the easiest type of financial exchanges.” On the event, he worried upon the requirement for digital transactions and stated that Tez app by Google and different biological communities will roll out a major improvement in the advanced UPI-Based Digital Payments App for India.

Not at all like prominent Paytm, Tez app is not a mobile wallet where one can store cash and use it when required. Rather it’s more similar to Apple’s Wallet which connects up your phone with your bank accounts to give you a chance to utilize your phone as an approach to station installments from those accounts.

Google has tied up with banks like Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI. In the short-term it’s rundown of online installment accomplices incorporate Dominos, RedBus, PVR Cinemas, and Jet Airways among others.

Likewise, other than English, the Google Launches Tez app supporting various languages like Bengali, Gujarati, Kannada, Hindi, Marathi, Telugu, and Tamil.

Moreover, there is likewise a different business entrance for online organizations to coordinate as merchants to acknowledge google new payment app Tez.

According to the portrayal, “Organizations additionally get their own particular Business Channels on the Tez app where they can connect with specifically with their clients to share offers and much more.”

For cash exchanges, there is a cutoff of INR 1 Lakh in one day over all UPI applications, and 20 moves in one day.  Google debuts Tez Installments should likewise be possible to contacts on your phone if they have a Tez account or have an UPI address empowered. Trade Mode out Tez enables a client to send or get assets to/from accounts adjacent without sharing any critical data like phone number or bank account number. Each exchange is empowered with either the Tez PIN or the cell phone lock, whichever a client picks.

So, let’s wait and watch how much compatible is this Tez app with your mobile devices and get popularity in India. If you get issues with your compatibility then do give us chance to resolve those issues.