Google has been working on their mobile payment application for quite some time and only recently they started Tez, a one of a kind free of charge mobile wallet application intended for the Indian users. With Tez, users can easily link up their mobile phones to their individual bank accounts for paying for the goods that they buy. Equipped with high security features, the Tez app can be used for payments with both online as well as physical stores. It can be used for carrying out person-to-person payments and money transfers as well. Google Tez comes with the new and unique feature of Audio QR, which allows people to use ultrasonic sounds for exchanging money. This helps to bypass the need for near-field communication or NFC.
Mobile Payment Application
The versatile and easy to use mobile payment application can be used for sending money to family members at home, paying off the local tea stall owner and also for splitting a dinner or lunch bill with friends. Whether one is looking to make larger or smaller payments, Google Tez can work like a charm and help people to take care of their payments in a flawlessly smooth manner. The digital payment app that has been launched by Google has been in the news for quite some time, forcing industry experts to speculate about the features that are going to come with it and how functional it is going to be for the Indian users.
Google Tez app
The Google Tez app is designed in a way to make it convenient for a long segment of users in India. The app is expected to restore most of the cash transactions that are carried out in India and become one of the most important ways for people carrying out payments for various things. However, the app also presents Google with an excellent scope to check out and test a number of other new technologies in the process, like the audio QR or AQR. The all new audio QR feature allows users to easily transfer money by simply letting the phones communicate with each other by using sounds. Google can test to see how the feature can operate in a frictionless manner. Over the next year or so, the audio QR feature can stand out for its efficiency and smartness and become more attractive for the end users.
The payment app Tez has been launched for both Android as well as iOS. Google is also going to link up with numerous major banks in India through Unified Payments Interface or UPI. UPI is a payment standard that is supported by the government of India in an attempt to provide integrated banking services to people within a rather fragmented market. Plans are also on for introducing various mobiles into the market that will come with the Google Tez app preinstalled. The Google Tez app is free for use and it is not going to collect any fees from users for the features and services that it provides. This makes it perfect for the user base in India.