Innovation goliath Google has propelled online installment benefit in India. A unique application is accessible for this, which is named Tez. This application is intended for both Android and iOS stages and can be downloaded for nothing. We revealed to you before that Google could dispatch this application on Monday and now the organization has formally propelled it. That is, Google is prepared with this application to give rivalry to Paytm. We should know how this application functions and the amount you advantage from it.
The UPI-based Google service can work with the majority major banks. As a partner bank, Axis, HDFC Bank, ICICI and depository financial institution of Asian nation square measure enclosed.
Google, for its part, has been going all in as it targets new and existing internet users in India with a range of initiatives that include launching public Wi-Fi hotspots and an offline-first YouTube app. It also beat Spotify to launch its music-streaming service in India back in April.
It’s worth noting here that this feature only works when paying another Tez user, but the proximity-based payments feature — which uses audio QR (AQR) to transmit data — opens the system to many more devices. Near-field communication (NFC), which is what Google’s Android Pay is based on, requires NFC-enabled phones in order to work — and many lower-end Android devices do not have NFC. Similarly, Apple has historically restricted NFC access on iPhones to Apple Pay.
With Tez, two devices just need to be brought close together, with the respective users hitting “pay” or “request” to initiate the transaction.