24 Jan Google Application for Digital Payments
Google is always on the top and this time Paytm and Bhim are the competitors. The latest application launched by Google is the ‘Tez app’. This has been made especially for India with uses unified payments Interface.
“Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood” as described by National Payments Corporation of India.
Your money is safe now
Now there is no need to first put your money into your mobile wallet and then make payment. You can directly make payments from your bank accounts using this latest application launched by Google. It is working with all major banks like SBI, ICICI, HDFC and much more. Both IOS and android uses are free to use the application without any hustle because it is an easy-to-use kind of app.
Share money just the way you share data via Bluetooth
This app enables you to share money just the way you share songs, videos, pictures with others. It just needs proximity, like in Bluetooth. This is called ‘cash’ mode. There are several referral awards offered for downloading this application. Google is surely following the latest trends and is never left behind when it comes to promoting digitalization.
“Send money home to your family, split a dinner bill with friends, or pay the neighborhood chaiwala. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment app for India,” writes Google in describing app.
So, Isn’t Google too clever? It always knows what we are looking for!