Saturday, 16 December, 2017

Google launches new Tez payments app for India

Google Tez UPI-Enabled Digital Payment App Launched in India Google Tez UPI based mobile payments app launched in India
Jeanne Townsend | 19 September, 2017, 00:40

You add your bank details and link the account to Tez.

Google has announced the launch of its new India-centric UPI based mobile payments app, Tez. It's a part of India's payment standard, United Payments Interface (UPI), meaning that it works with all major banks.

However, there's a limit of $1,560 (₹1,00,000) on money transfers in one day. To "cash" in on this trend, Google has introduced its own payment app made especially for India.

At this point, the Google Tez app does not let you recharge your phone numbers, pay bills and do other similar transactions.

The Google Tez app supports various local languages including Hindi, Gujarati, Marathi, Bengali, Tamil, Kannada and Telugu. Money transfers with Tez are made using NPCI's (National Payments Corporation of India) Unified Payments Interface (UPI). Because Tez detect's them and you have a secure payment experience. After you've entered the details, a bank OTP is required for verification along with the UPI Pin.

On Monday, NITI Aayog chief executive officer Amitabh Kant tweeted that the government-backed payments app BHIM had been downloaded three million times since its 30. Users will also be able to pay for goods online and in physical outlets.

More news: BRUCEBLOG: History makers emerge at Emmys: Julia Louis-Dreyfus, Hulu, Donald Glover
More news: Ko goes close but stumbles at French major
More news: British Airways plane evacuated after threat

The app description mentions that soon it will also enable payment through debit and credit cards.

Tez now supports 55 Indian banks including popular ones like the ICICI Bank, State Bank of India and HDFC Bank. Your weekly transactions will help enroll you in the Tez Lucky Sundays contest, where users can win up to ₹1 lakh every week.

On the other hand, an estimated 53 percent of the country's population has bank accounts.

And unlike mobile wallet systems, users can skip the additional step of managing a separate wallet fund, and transfer money to and from their accounts directly. Tez app is available on Google Play and Apple's App Store. However, it will first need to address challenges that are specific to India's e-payment market, before it can become a success.

Union Finance Minister, Arun Jaitley who has been very vocal about the usage of digital payment modes in India, himself launched the application with the vision of fastening India's digital growth, just as the name suggests.

Recommended

  • PM Modi dedicates Sardar Sarovar Dam to the nation

    PM Modi dedicates Sardar Sarovar Dam to the nation

    Meanwhile government's decision to go ahead with the dam project was opposed by large number of affected villagers. Modi had undertaken a 51-hour fast in 2005 for the permission to raise the dam height.
    DC's Own Kevin Hogan Now Quarterbacks the Browns

    DC's Own Kevin Hogan Now Quarterbacks the Browns

    It doesn't matter that Andy Dalton hasn't looked like himself or that the Browns continue to do what they're known for. Kizer started his second National Football League game against the Ravens - and his first on the road - in Baltimore.
    Facebook Turns Over Details of Russian Campaign Ads to Mueller

    Facebook Turns Over Details of Russian Campaign Ads to Mueller

    The company also listed out steps it has implemented towards curbing fake accounts and stories on the platform. These specific Facebook accounts were purchased at the time of 2016 election, these accounts targeted ads.
  • Texas OT Connor Williams suffers sprained ligaments, out indefinitely

    Texas OT Connor Williams suffers sprained ligaments, out indefinitely

    The Trojans claim the loss to Texas in 2006 Rose Bowl was "vacated' by the NCAA because of penalties for USC rules violations". Especially if they truly desire be one of the four teams in the college football playoff at the end of this season.
    Qatar to buy 24 Typhoon jets from BAE Systems

    Qatar to buy 24 Typhoon jets from BAE Systems

    She said that she supported efforts by Kuwait and the USA to mediate an end to the dispute. This came after the meeting he held in Paris with Emir of Qatar, Sheikh Tamim Al Thani.
    Trump Shares Doctored Image of His Golf Ball Hitting Hillary Clinton

    Trump Shares Doctored Image of His Golf Ball Hitting Hillary Clinton

    Clinton in the back as she boards a plane, knocking her forward. The GIF, which was created by splicing two videos, shows Mr. Trump swinging a golf club and the ball striking Mrs.
  • Florida Wins On Last-Second Bomb From Feleipe Franks To Tyrie Cleveland

    Florida Wins On Last-Second Bomb From Feleipe Franks To Tyrie Cleveland

    In the receiving end, Josh Hammond posted 91 yards in four receptions while Tyrie Cleveland added 56 yards in four catches. Franks found Brandon Powell in the flat for a 5-yard score, capping a 44-yard drive that gave Florida a double-digit lead.

    Klopp details mistakes each defender made for Burnley goal

    Liverpool's defensive failings were again exposed with this incident, but up front they just couldn't get the ball over the line. Klopp left his subs late, too late for some, but when Dominic Solanke came on he perhaps spurned the greatest chance of a game.
    How To Watch 69th Emmy Awards Online TV Start Time

    How To Watch 69th Emmy Awards Online TV Start Time

    It will be held Sunday, September 17, at the Microsoft Theatre in Los Angeles and will be broadcast live nationwide on CBS . CBS isn't planning to air a pre-show, but E! will broadcast live from the red carpet starting at 4:30 EST.
  • Ryanair cancellations leaving passengers up in the air

    Ryanair cancellations leaving passengers up in the air

    Why are Ryanair cancelling flights? "We have to check if all this is respected by Ryanair ". That means around 2,000 flights cancelled and around 400,000 passengers affected.
    Ryanair leaves passengers fuming after massive cancellations

    Ryanair leaves passengers fuming after massive cancellations

    Ryan said his friend's birthday had been ruined after their flight to Palma was cancelled 10 hours before it was due to take off. It claims less than two per cent of flights will be cancelled, but passengers have expressed their fury over late cancellations.
    Hamas dissolves Gaza government and agrees to national unity talks with Fatah

    Hamas dissolves Gaza government and agrees to national unity talks with Fatah

    The Hamas statement was issued from Gaza on Sunday following talks with Egyptian officials in Cairo last week. Iran's Supreme Leader Ayatollah Ali Khamenei, pictured here in Tehran with Hamas leader Ismail Haniyeh.

Senate GOP fast-tracks last-ditch ACA repeal Senate GOP fast-tracks last-ditch ACA repeal Republicans face a two-week countdown before Senate procedural rules make it much harder for them to advance their latest bill. That includes states like NY and California, which stand to lose federal funds under Graham-Cassidy.

Blac Chyna and Rob Kardashian finally settle custody battle Blac Chyna and Rob Kardashian finally settle custody battle According to her attorney, Lisa Bloom , Kardashian has agreed to keep his distance after the restraining order expires next week. Rob's family keeps being supportive. "They want Rob and Chyna to get along, because it benefits Dream ", the source added.

Kulsoom Sharif wins key vacant parliament seat in Lahore Kulsoom Sharif wins key vacant parliament seat in Lahore PML-N's lead was reduced in part by the strong showing of Yaqoob Sheikh, who the United States in 2012 designated a terrorist. Earlier in the day, long queues were seen outside the polling stations as people came out to cast their vote as early as 8am.

Students give Betsy DeVos an education at Kansas City Academy Students give Betsy DeVos an education at Kansas City Academy But if she devotes the time, she'll gain useful insights into why so many people passionately disagree with her . Secretary of Education Betsy DeVos visited two Gary charter schools Friday to examine their dual-credit programs.

Greg Olsen OUT indefinitely with a broken foot Greg Olsen OUT indefinitely with a broken foot He returned on the next play, but McCoy's performance Sunday might be a sign that his health could be holding him back. He limped off the field early in the fourth quarter with an ankle injury after being sacked for the sixth time.