Google has launched Google Tez – a new digital payments application for Indian users. The app is developed on UPI (Unified Payments Interface) platform and is available for both android and iOS users. According to Techcrunch, users can make a total of 20 transactions of collectively up to Rs 1 Lakh in a day through the app. Tez is a payments app and is different from a mobile wallet in the sense that you cannot store money in the wallet. Money is deducted or added directly from your bank account.
Google Tez allows users to send money, receive payments directly into their bank account or make payments for purchases made at stores that accept UPI-based transactions. The user has to link his bank account with Tez by entering UPI pin before making transactions through the app. Transactions made through the application is simple, safe and quick. The app supports 8 languages that include English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.