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| Tez |
Google today launched a mobile wallet and payments app ' Tez ' in India that will let users link their phones to their bank accounts to pay for goods in physical stores and online. Available for both Android and iOS users, the app also allows person-to-person money transfers.Google has also collaborated with several major Indian banks by way of UPI (Unified Payments Interface).
“Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment app for India,” Google notes in its information portal about the new app.
Supported banks include Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI. Online payment partners include large food chains like Dominos, transport services like RedBus, and Jet Airways. And tellingly, to help address one of the many ways that the Indian market is fragmented, the app has support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.
For money transfers, there is a limit of ₹1,00,000 in one day across all UPI apps, and 20 transfers in one day.
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