Google has finally debuted in the Indian mobile payments market through a brand new app called Google Tez. Some of the smartphone manufacturers have become Google's distribution partners. The Google Tez app will now come preloaded on Lava, Micromax, Nokia, Panasonic, and Xolo smartphones.
The Google Tez app allows you to pay and receive money using UPI, which means directly transacting using your bank accounts. With each transaction on the Google Tez app, you earn scratch cards for cashback.
Preloaded Google Tez app
With the introduction of Google Tez app, Google is aiming for an aggressive expansion and distribution in the Indian mobile payments market. Having partnered with Lava, Micromax, Nokia, Panasonic, and Xolo, the company is making sure that the app is distributed quickly.
Apart from the aforementioned OEM partners, reports suggest that Google is open to conversation with other smartphone manufacturers for preloaded Tez app and that Google's Android Pay service will not be in India soon.
How does Google Tez work?
While UPI feature is already available with the Bhim app, Google Tez has simplified the process and given it some extra features. Now you will receive cashback and other benefits that will be directly added to your bank account.
Available for both Android and iOS devices, the Google Tez app is fast and easy to set up. First, you have to download the app for Android or iOS, then you need to set up your Google Pin or Screen lock (Fingerprint as well) to make it safe. After you've set up, you just have to link your existing bank account with Tez app, getting your UPI pin and other details.
Safety and Usability
In smartphones with a fingerprint sensor, Google Tez payments are authenticated by fingerprint, otherwise, you have a Google Pin verification. Also, A Tez Shield is always active on the app, keeping you safe from fraud or hacking, and protecting your identity.
In terms of usability, the best part is that the money remains in your bank account only. Also, the rewards and cash back go to your bank directly too, so there is no limitation of using them. You can pay to nearby Tez users through cash mode, without revealing any details. You can even make online payments to RedBus, PVR, Domino's Pizza, DishTV, Jet Airways and many others.