Google today launched its mobile payment service, called Tez, in India. The payment service allows users to transfer money via their bank accounts as well as Unified Payments Interface (UPI) ID, QR code and phone number. Google Tez is a stand-alone application which is available for both Android and iOS.
As an introductory offer, Google has introduced a reward program under which users can make Rs 51 when referral makes their first payment. A user can earn a maximum of Rs 9,000 per financial year, and user can only be paid once for inviting the same person once. The offer expires on April 1, 2018.
Google will be holding an event in Delhi today to announce more details about the application.
Along with all major Indian banks, Google has also teamed up with Dominos, RedBus and PVR as payment partners. Additionally, Google has rolled out the application for business users. “Business owners and shops can use the Tez app with their individual current account to start accepting digital payments today. Payment goes directly to your bank account — all with no fees. We are working to support shopkeepers with other types of current accounts soon,” Google said on its website.
By Baishakhi Dutta
