Google has introduced a mobile payment app called Tez and its exclusive to India.
A large portion of Android phones that are sold in India don’t have NFC, and NFC is how most mobile payment systems like Android Pay and Apple Pay work. To combat this, Google’s Tez system used ultrasonic audio to send payment info from one device to another.
Ultrasonic audio works on both Android and iOS devices and is inaudible to the human ear. It allows Tez users to send money to each other without needing to share personal details like a bank account or phone number. Sending money is as easy as handing over cash.
Tez connects directly to a user’s bank account so you won’t need to top up your account because you’ll just be withdrawing from your bank account. Tez also works with UPI (United Payments Interface) which over 50 major banks in India support UPI including Axis, HDFC Bank, ICICI and State Bank of India.
Google is also working with apps and websites like redBus, PVR Cinemas and Domino’s Pizza and Jet Airways, so users can pay using Tez.
All your transactions are secured by Tez Shield which works 24/7 to help detect fraud, prevent hacking and verify and protect users.
In addition to sending and receiving money, Google also incorporated Tez Scratch Cards in the app, this allows users to win up to ₹1,000 per week or ₹100,000 on Lucky Sundays. If you win, the rewards will be directly deposited into your bank account.
The Tez app has language support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu.
Business owners and shops will also be able to use the Tez app to accept digital payments.