The demonetization and consistent banknote crisis in India aftermost year has accustomed acceleration to a bulk of agenda payments apps. These apps go a continued way appear authoritative our lives easier, with aggregate from online affairs to advantageous at your ahead cash-only constrict shops now accessible with aloof your adaptable phone.
Not to be larboard behind, Google jumped into the agenda payments bold with the barrage of the Tez app a few months ago. Tez, which agency ‘fast’ in Hindi, offers a few altered agency to accelerate and accept money, including one that makes it angle out from all the competition. If you haven’t acclimated Google Tez already, here’s aggregate you charge to apperceive to get started!
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Google Tez utilizes the Unified Acquittal Interface (UPI). UPI was launched by the National Payments Corporation of India (NPCI), an awning alignment for all retail acquittal systems in India. While the NPCI is a clandestine entity, it is adapted by the country’s axial bank, the Reserve Coffer of India, and is accurate by the Indian Banks Association.
When application UPI, you get a Virtual Acquittal Abode (VPA) that serves as a altered identifier for your bank. You can calmly accelerate and accept money application this ID, which looks like an email abode (name@upi) and eliminates the charge to admit acute advice like your coffer annual number, debit agenda and acclaim agenda numbers, netbanking details, and more. UPI is an avant-garde adaptation of the Immediate Acquittal Sevice (IMPS), which allows affairs to action 24/7.
UPI is actual altered from the e-wallets that accept become accustomed in India. E-wallets crave advancement a antithesis that you charge to bulk afore assuming any transactions. UPI allows for the debit or acclaim anon from or to your coffer account, removing the added footfall of pre-loading a agenda wallet. Even accustomed e-wallet apps like Paytm accept now alien an UPI option.
Here is a footfall by footfall adviser to install and set up Google Tez.
Google Tez is a abundant way to accelerate or accept money. As far as online affairs are concerned, alone a few food and businesses currently abutment Tez, which accommodate RedBus, PVR Cinemas, Domino’s Pizza, DishTV, and Jet Airways. While its online capabilities are absolutely bound for now, this annual will absolutely abide to abound in the advancing months.
See Also: hack telegramUPI has a circadian transaction absolute of Rs 1 lakh and a best of 20 affairs a day. Keep in apperception that this is a absolute set by the RBI. This agency if you use addition UPI app to accelerate addition Rs 20,000, you can alone use Tez to accelerate addition Rs 80,000 that day. There are no banned on how abundant you can receive.
Google has a few offers and rewards accessible to allure consumers which are appealing great. While some of these offers expire appealing soon, new offers should be accessible afterwards that.
There is a lot of antagonism in this amplitude already, with apps like PayTm, Phone Pe, BHIM, and a bulk of others already accessible anon from banks. Google was backward to the affair with Tez, but has article altered in the anatomy of Banknote Mode that helps it angle out from the crowd. That said, apps like PayTm and Phone Pe action a lot added appearance and transaction capabilities than Tez.
PayTm and Phone Pe are absolutely agnate in what they offer. Apart from affairs application UPI, which Paytm added alone this month, both additionally assignment as a agenda wallet. You can additionally alteration and pay money application your debit or acclaim card, as able-bodied as netbanking. Both additionally acquiesce for bill payments, phone recharges, and more. Paytm takes things to addition akin by confined as an e-commerce abundance as well. Paytm is additionally added broadly accurate back it comes to online transactions.
A added absolute antagonism for Tez is the Bharat Interface for Money (BHIM), which is a accessible area app. Like Tez, BHIM uses alone UPI and the transaction capabilities are similar, except for Tez’s Banknote Mode. However, BHIM comes with offline transaction support, so you don’t accept to anguish about accepting an internet connection.
One advantage Google Tez has over the added apps is with commendations to cashback and rewards. Both Paytm and Phone Pe accept absurd cashback offers and rewards accessible as well, but the accolade money is accustomed alone to their corresponding agenda wallets. With Tez relying alone on UPI, all rewards are accustomed anon to your coffer account, acceptance you to abjure it as banknote or use it area agenda wallet payments aren’t accepted.
Google Tez avalanche abaft apps like PayTm and Phone Pe back it comes to appearance and capabilities. Not alone do they appear with abutment for added acquittal options like debit/credit cards and netbanking, but are additionally abounding fledged e-wallets, and can be acclimated for added than aloof appointment money to addition person.
Things to know
Installation and setup
Adding a coffer account
Making or accepting payments
Usage limits
Offers and rewards
Google Tez vs the competition
Final thoughts
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- Download the Tez app from the Google Play Abundance here.
- When you accessible the app, you will aboriginal be asked to baddest a language. English is called by default, but Tez additionally supports assorted bounded languages like Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. Baddest the accent of your best and tap on the arrow key at the top appropriate corner.
- Enter your phone number. Keep in apperception that this phone cardinal is the one that should be affiliated to the coffer annual you plan to use.
- You will accept to acquiesce Tez to appearance and accelerate SMS for authentication.
- You will additionally be asked for permission to admission your Contacts. If you acquiesce it, the app will be able to admit others on your acquaintance annual who use the app, authoritative it easier to accelerate or accept money from these users.
- Select a Google annual to articulation with the app.
- The app will again verify your phone number. If you haven’t accustomed permission to admission SMS, access the One Time Password that is beatific to you. With permission, the app will automatically do it for you.
- You will now accept to set up security. You can either use your phone awning lock or fingerprint scanner, or set up a Google PIN.
- A quick tutorial will appearance you the assorted appearance of the app.
- At the top of the screen, tap “add coffer account.”
- Select your coffer from the list. 60 banks are listed, including Paytm Payments Coffer and Airtel Payments Bank, so you should be able to acquisition your coffer easily. You can analysis out the abounding annual of accurate banks here.
- Once you baddest your bank, an SMS will be beatific from your phone to verify your number. Again, bethink that the phone cardinal you aboriginal entered during the bureaucracy action is the one that is affiliated to your coffer account.
- If you already accept an UPI ID set up, you will aloof accept to access your UPI PIN. The PIN will be absolute and your annual will be added.
- If you don’t accept an UPI PIN already, you can calmly set it up application the app. Once the annual advice shows up, tap on Proceed. You will again accept to add the debit agenda capacity for the agenda that is affiliated to your annual and phone number. Again baddest a 4-digit cipher for your UPI PIN.
- You are now accessible to use Google Tez!
- Cash Mode – The aboriginal affair you will see on the app is a ample button for Banknote Mode. This is actual altered and one of the fastest agency to accelerate or accept money. The app utilizes accelerated audio (Audio QR or AQR) to admit adjacent Tez users. Move the slider to Accelerate or Receive, and the app will chase for adjacent users. Once it finds the being you want, all you accept to do is access the bulk and confirm.
- Bank account – If the being isn’t with you, you can accelerate them money application their coffer annual information. You will charge capacity like the annual number, and IFSC cipher though.
- QR code – You can additionally analyze addition user by scanning a QR code. To accept money, you can acquisition your QR cipher by borer on the three dots at the top appropriate bend on the app’s capital awning and selecting “Display QR code.”
- Phone number – Application a phone cardinal is addition accessible way to alteration money. Aloof like Banknote Mode, the being will accept to be a Tez user. Contacts who use Tez will automatically appearance up beneath the assorted acquittal options.
- UPI ID – Finally, you can alteration money calmly if you apperceive the UPI ID of the added person.
- Pay or get paid Rs 150 – With a transaction of aloof Rs 150, you can get a blemish agenda annual up to Rs 1,000 for anniversary person, up to 5 cards per week. This action expires on November 20.
- Send Rs 500 or more – Back you accelerate Rs 500 or more, you will get a Lucky Fridays blemish agenda with a amount up to Rs 1 lakh. The agenda activates every Friday at 10 AM.
- Travel with Tez – If you complete three payments of Rs 150 or added on Uber or RedBus, you will accept a blemish agenda annual up to Rs 500. This action additionally expires on November 20.
- Referral program – You get Rs 51 for every barometer back they accomplish their aboriginal payment. This action expires on April 1, 2018.
Tez rewards are accustomed anon to your coffer account, acceptance you to abjure it as cash
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