UPI! this has become one of the biggest market in digital payments and an easy payment solution in India today and every firm is trying to enter into this market as it has a good scope for rise in the coming future in India. UPI means Unified Payment Service which will work based on the mobile number linked to your Bank account. 1 day back Google entered the digital payments market with their new UPI app with a name in Hindi language and it is Tez.
is the New UPI based digital payments app released by Google in India. The name of the app represents the speed of the app in transactions. Right now one can send/receive money and also use Tez as payment platform in some sites and more features are yet to come in the coming days. But the best part is the security the Tez app is offering for making a payment. Right now the best feature we have is Cash mode feature which uses Ultra sonic waves via microphone to locate another Tez user nearby to either Pay or Receive money.
is the New UPI based digital payments app released by Google in India. The name of the app represents the speed of the app in transactions. Right now one can send/receive money and also use Tez as payment platform in some sites and more features are yet to come in the coming days. But the best part is the security the Tez app is offering for making a payment. Right now the best feature we have is Cash mode feature which uses Ultra sonic waves via microphone to locate another Tez user nearby to either Pay or Receive money.
Well we all know that there is cut throat competition in the digital payments solutions in India and to come out of this cut throat competition Google made a smart move by offering incentives to it's users.
Download Tez & get Rs.51/- as your first incentive:
- You can download the app from the below buttons and get your incentive of Rs.51/- on your first transaction.
- The Tez app is available on both Android and iOS platform.
Creation of account in Tez:
- Open the app and select your preferred Language.
- Now enter you Mobile number which is registered with your bank account.
- Select the Google account which you would like to associate with Tez.
- Now complete the OTP verification.
- Now create phone screen lock or create a Google PIN. (We suggest you to create a Google PIN).
- That's it you got your account created.
Adding Bank account to Tez:
- Click on Add Bank Account.
- Now select the bank to which your mobile number is associated with.
- Select the SIM to which your bank is associated and Tez app will verify if your mobile is associated with the selected bank or not through OTP verification. (SMS charges will incur).
- Now you will have to create UPI PIN. So click on Proceed.
- Enter the last 6 digits of your Debit Card number and also enter the Expiry date of your debit card.
- Now Click on CREATE UPI PIN.
- Enter the OTP sent to your mobile and now enter the PIN which you would like to use UPI PIN.
- That's it your account got added to Tez.
Make/Receive Payments via Cash Mode feature:
This is the most secure method and the easiest method to complete a transaction if Payee/Receiver is nearby.
- Tap the T on the home screen.
- If you would like to Receive money then click on RECEIVE.
- If you would like to Pay money then click on PAY.
- It will search for nearby Tez users and will display them at the bottom.
Inviting friends to Tez:
You can invite your friends in 2 ways from Tez.
Methods 1:
- Click on New.
- At the bottom you will find INVITE FRIENDS TO TEZ.
- Click on that and share it with Whatsapp/Twitter/SMS/Facebook etc.
Method 2:
- Click on Offers.
- Click on the first banner showing Invite friends to Tez.
- Now click on INVITE FRIENDS and share it via Whatsapp/Twitter/SMS/Facebook etc.
Rewards:
- You will get this Rs.51/- incentive upon your first payment to your friend and from then on you will receive a scratch card for every transaction you make.
- You will have a chance to receive from Rs.1/- to Rs.1000 from every scratch card.
- You can receive a maximum of 10 cards in a week.