Google launched the new app in India called “Google tez”, it is a digital payment app which is based on UPI platform. It was launched on Monday, by the Vice President of Google at an event in New Delhi in the presence of the Finance Minister of India, Arun Jaitley.
Made In India App
The VP of Google says that it will partner with various companies like Nokia, Micromax, Lava, Panasonic and Xolo for preloading the app on their upcoming Smartphones. “Google tez app is designed for India and made in India. It supports seven Indian Languages and more will be on the way. Our focus with this is on digital payments.” also said by VP.
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It is not like other payments apps like paytm, phone pay etc. It is not the modified version of android pay. It is built on UPI and allows payments direct from the bank accounts. The app will be available for Android as well as iOS users.
Mr. Arun Jaitley said “January was when the discussion first started around this app with Google with Sundar Pichai, Cesar Sengupta, and Rajan Anandan. Tez app is one of the most simple forms of monetary transactions. It represents a major advance in the direction of the cashless economy and it is good to see that Google has achieved in eight to nine months what they had planned for the launch of tez app.”
Simple To Use
The users of the app are to require their Gmail accounts and working mobile numbers to get access to the app and carry out the transaction. Google has partnered with the HDFC, ICICI, Axis Bank and SBI Bank to carry the payment services in the app. Though this does not mean that the payment is limited to these banks but all banks which support UPI can use Google tez app. Google tez has also included the Aadhaar card verification for payments. The Google tez app will soon support credit and debit card storage and an addition of e-wallets as well.
And now within 24 hours of Google digital payment app Tez being launched in India, Google has seen nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users.
“In the past 24 hours, 1.8 Crore GMV done on Tez already with 410,000 active users,” a Google spokesperson told IANS on Tuesday.
