Google has launched a new digital payment app named Google Tez for the Indian market. The app supports English and seven Indian languages including Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. It is available for both Android and iOS platforms.
Google Tez links user’s bank account to Apple Pay, Android Pay and Samsung Pay. You can use to perform transactions including money transfers, receive payments and pay for purchases.
Google disclosed that Tez was made for India due to its growing tech hub.
The banks that Tez supports 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 according to the information on the website.
For money transfers, there is a limit of 1,00,000 Indian rupee in one day across all UPI apps, and 20 transfers in one day.
It is noteworthy to add that Tez is not a mobile wallet where users can store money in the app. It needs to be topped up to be used.
This launch will put Tex in direct competition with Paytm, India’s largest mobile wallet company. It launched 7 years ago and has Alibaba and Softbank has invested in the business.
