Tez is now Google Pay: Here are top features of UPI-based payment app

Google Tez has over more than 50 million downloads on Android Play Store. (Bloomberg)

Google prior this week rebranded its advanced installment stage Tez as Google Pay. The organization additionally extended the compass of Google Pay with all the more outsider applications and administrations tolerating Google’s installment arrangement. Google likewise declared partnership with money related foundations, for example, HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to encourage pre-endorsed advances to clients.

Google had launched Tez in September a year ago. In light of the legislature upheld UPI stage, Google Tez enabled clients to make and get shared exchanges. Dissimilar to Paytm and other versatile wallets, Google Pay enables clients to trade cash straightforwardly from their ledgers. Since its dispatch, Google Pay has seen more than 750 million exchanges worth over $30 billion (Rs 200,000 crore).

“In simply under a year, Tez has discovered a place in the lives for in excess of 22 million individuals and organizations who utilize it consistently. Individuals from more than 300,000 rural regions, towns and towns are utilizing it to pay their circuit tester, book transport rides or split supper bills with companions,” Payments and Next Billion Users Initiative general administrator Caesar Sengupta wrote in a blog entry.

Google Tez has over in excess of 50 million downloads on Android Play Store. The application is likewise accessible on Apple’s App Store. We should investigate the best highlights of Google Tez otherwise known as Google Pay.

Send or get cash by means of sound

Alongside customary shared exchanges, Google Tez otherwise known as Google Pay gives you a chance to make installments to companions (utilizing Tez application) in vicinity through sound based QR framework. In the engine, Google Pay utilizes ultrasonic waves to make the one-time code for computerized installment. The element chips away at all telephones in any case they have Near Field Connectivity (NFC). The innovation is said to be very like Chirp which likewise utilizes ultrasonic sound to exchange information.

Pay your service bills

Aside from distributed exchange, Google Pay gives you a chance to energize your DTH administration and pay for other service bills like power, gas, water, protection, property impose and even vehicle back (Bajaj) among others. Google Pay additionally enables clients to pay for versatile, landline and broadband. Google Pay additionally enables its clients to pay to choose organizations. At present, the application bolsters installments to administrations like redBus, Zerodha, TataSky, BESCOM, and Goibibo.

Adaptable installment alternatives

While Google Pay gives you a chance to send cash to anybody by presenting beneficiary’s bank subtle elements and IFSC code, it additionally enables clients to pay by means of UPI ID, QR code or specifically to a Tez client. The application additionally demonstrates a rundown of contacts whom you can send or ask for cash. Google Pay additionally has a committed segment that demonstrates the exchange history including the asked for cash.

Motivating forces

Much the same as Paytm, Google Pay additionally offers various cashback plans. Right now, it is putting forth scratch card (virtual) worth up to Rs 1,000 on paying or getting Rs at least 150. There’s additionally a “Fortunate Fridays” scratch card that would you be able to win up to Rs 100,000 on sending Rs at least 500. On paying power bills with Google Tez, you are guaranteed Rs 50 cashback. Under the committed Rewards segment, you can screen all the cash you’ve earned from Google. The organization has proceeded with its offer of Rs 51 cashback on alluding a companion to Google Tez.