It’s more than a year since Prime Minister of India Shri. Narendra Modi announced the demonetization drive. Demonetization drive paved way for the rise in usage of digital wallets in India. Digital wallet is a way to carry cash in digital format. The government also introduced Unified Payment System or UPI (Unified Payments Interface) to enable cashless transactions. Unlike digital wallet, where you need to store money to transact, UPI enablesmultiple bank accounts into a single mobile application.

Read More about:What is Unified Payments Interface or UPI? What are the benefits of UPI based apps?

A report published in Economic Times in October 2017, states that October clocked the highest volume in digital payments. This is the highest since November 2016 since demonetization.Unified Payments Interface (UPI), which grew 150% against September 2017, contributed the most to the increase in digital transactions. Bankers said that with global brands like Google entering UPI based app ecosystem with Tez, has helped popularize UPI.

With over 300 million smartphone users in India and rapidly improving connectivity, the internet is becoming a daily part of life for many Indians. That includes messaging friends and family, searching the web for information, reading news, watching music videos, or playing games. But when it comes to paying for things in the real world vegetables, bus fares, the chaiwallah, splitting the bill at dinner or paying on delivery for something purchased online those smartphones often go unused. Out instead comes wads of paper. Indians love cash.

There is a reason for this: cash is easy to use and works everywhere. But cash is easy to lose, difficult to carry around and can be easily stolen. More critically, cash makes it hard for people to build a financial track record, and could result in exclusion from services like credit and insurance.

So what exactly is Google Tez?

To make digital payments truly work for India, we need a product that can compete with cash. It needs to be simple, affordable, and work everywhere and for everyone. Google Tez is a simple and secure way to pay for things, big and small, online and offline, in India. Tez is a payments and commerce app built for India on top of the Unified Payments Interface (UPI) standard.Businesses also get their own Business Channels on the Tez app where they can engage directly with their customers to share offers and more.

Google Tez

Tez enables you to:
  • Make cash-like payments with Cash Mode: One of the most powerful aspects of cash is that it enables you to pay others without exchanging sensitive personal information. Cash Mode enables just that by letting you pay another Tez user nearby without having to share personal details like your bank account or phone number. This is ideal for paying the auto-wallah or sabzi-wallah. Bring two phones near each other, hit pay or request, enter your UPI PIN and the payment goes instantly from one bank account to another. Cash Mode is built using our proprietary AQR (Audio QR) technology, which is similar to QR codes but more convenient and more secure. And unlike NFC, it works on almost any smartphone in India, whether Android or iOS.

[Audio QR is the technology behind Cash Mode that uses sound to pair your device with another nearby device. You can make secure payments without exchanging any personal information.Audio QR works on almost every smartphone. All you need is a smartphone with a speaker and a microphone.]

  • Like a chat app. Easy, fun and phone number based: Tez uses your phones contact list so theres no need to add people as beneficiaries or remember complicated bank numbers. This makes it easy and quick to transact with people you know. So sending money to your family across the country, paying your landlord, or splitting a bill with a friend is simple and fast. Further, your transaction history with each person or business is grouped together like a conversation just as chat apps group your messages together. This experience feels natural and enables richer, more engaging interactions.
  • Pay, get offers and more. At offline and online businesses: Small businesses can also use Tez to accept payments directly into their savings or individual current accounts (subject to regulatory limits). But we wanted to do more to help Indian merchants unlock the potential of digital payments, so we are launching the Tez for Business program. Participating businesses will be able to interact with their customers in new ways, including securely accepting UPI payments on their mobile websites with just a few taps. These merchants will also get their own Business Channel in the Tez app itself, so users can interact and transact easily with them without needing to install multiple apps. From their customized Business Channel, merchants will be able to engage customers directly by sending smart reminders for recurring payments, sharing tailored offers, and more. Our launch partners, PVR Cinemas and redBus, will be joined by a number of other businesses like DishTV, Jet Airways and Dominos in the coming weeks. And were working with our existing advertisers and online e-commerce platforms like Shopify and payment aggregators like Billdesk and PayU to bring hundreds of Indias online businesses to Tez. Sign up here if youre interested in learning more about Google Tez for business program.
  • All the power of UPI & Indias most trusted banks: Tez works with all of the 55 banks on UPI. Our first-of-its-kind multiple payment service provider partnership with NPCI and four top banks in India Axis Bank, HDFC Bank, ICICI Bank today and soon with the State Bank of India means you can use Tez to transact with other UPI apps like BHIM or even check out online using your Tez UPI ID. It doesnt cost you anything to use Tez, and your money stays in your bank so you continue to earn interest. And best of all, because Tez works directly with your bank account, there’s no need to top-up a wallet balance or pay fees to get money out.
  • Protected by the Tez Shield: Backed by Googles expertise in security and machine learning, Tez Shield works 24/7 and uses multiple signals to help detect spam, fraud, prevent hacking, and to verify and protect the identity of every user. Your account is also safeguarded with security options including your phone security method such as passcode or fingerprint and a Google PIN code. And if you ever need help, our customer service team is available all day, every day by phone or chat support.
  • Made for India first: Tez works on the vast majority of Indias smartphones (with apps for both Android and iOS) and Android supports English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu with more coming soon.

Tez is available on Google Play and the App Store.Tez works withall banks in Indiathat support UPI (Unified Payments Interface).

Tez works with your existing bank account, which means your money is safe with your bank and youll continue to earn interest. Theres no need to open a separate account or worry about reloading wallets.

Top Features of Google Tez

  • Transfer directly to your bank account. Simply link your account to Tez over UPI and instantly transfer money from bank to bank.
  • Know your money is secure. With Googles multi layered security and 24/7 protection by Tez Shield, you can make payments and transfer amounts both big and small, with confidence.
  • With Tezs Cash Mode, you can instantly send or receive payments to anyone nearby without sharing personal details like your phone number or bank account.


Post your comments below about Google Tez UPI based app. How frequently do you use Tez or UPI based apps. Do you see it as beneficial to you?