Google Tez, the Internet search giant’s first UPI-enabled digital payments program was found in India this past week. Presently, if you will need a UPI program, you may select between popular programs like Paytm, PhonePe, the NPCI’s BHIM program, and a assortment of UPI programs from different banks in the country. With so many currently available in the current market, in the event you shift to the Google Tez program? Following is a breakdown of this Google Tez program, from what it is to perform, to the way to utilize it, and our draw its capabilities.
It isn’t a digital wallet service like Paytm, but is instead like additional UPI programs, for example PhonePe. One of the interesting new features from the technology giant is “Cash Mode” which may be utilized to send money without details of the recipient. Typically, without another person’s ID, or phone number, you need to scan their QR code, therefore this is a simple and simple to use feature that might be utilised in position or QR codes.
On Android, the Google Tez program’s download size is really low at 8MB, however it is still large in comparison to PhonePe (4.26MB) and BHIM (2.99MB). The program assembles to over 20MB on the phone after installation, a size which shouldn’t cause much of the issue. Pretty reasonable. Article the language selection, it asks one to your mobile amount that is paired with your own bank accounts – you’re then requested to provide permissions. We also discovered that the Tez program links this to the Google accounts signed into the phone, on both Android in addition to iOS. You do have the option to link a different accounts, but a Google accounts is mandatory for the program to do the job.
As soon as you put in the amount, and are verified by means of an SMS OTP, you’re given the option to prepare a Google PIN or utilize the present screen lock system on your phone. You’re then asked to choose your lender by a list to link it to get UPI transactions. If you haven’t setup UPI for that bank accounts previously, the Google Tez program will guide you to have it done. On the other hand if you’ve empowered UPI on the accounts, it will request the existing UPI PIN – which may also be flashed via OTP, in case you’ve forgotten it. Tez then produces a VPA using the title in your email ID. While the majority of other programs give you the option to opt for the VPA, Tez doesn’t have the option. The VPA made for you is based upon the partnerships Google has at the time of launching (Axis Bank, HFDC, ICICI, and SBI). When trying out the program, we did face difficulties when adding the bank accounts in Tez, although a few tries seemed to address the issue. Following these steps are complete, you are ready to go.
The first screen as soon as the Google Tez heaps up is fairly basic, has provides limited functionality when compared to PhonePe and BHIM. PhonePe gives you additional options like paying your utility bills throughout the program, while BHIM has simpler Send, Request, and Scan & Purchase options – the last being for QR codes, in the event you don’t need to talk about your ID with another individual. Making payments using the Google Tez program is simple, as it requires just a tap to pick the recipient. The program also lists other Tez users out of the phonebook to get a quicker process. In the event a contact has already been established, clicking on it will start the transaction log with that touch, and you can easily cover or request money using this attribute. We tried transacting using the program and it worked without a hitch, however there were several hiccups shortly after launching on Monday – something Google explained to us was thanks to unprecedented surge in interest.
Swiping back on the first display in the Google Tez program will give you access to “Cash Mode”, which permits you to move money without having the recipient’s phone number or needing to discuss your own – helpful in the event of transactions at a store or a different business. But we have to say that it took more than anticipated.
To incentivise Tez program, Google is offering users Rs. 51 for referring new customers to utilize the program. Following the known individual makes their first payment, the two users will find the sums credited to their bank account. Aside from this, using Tez to transport money (Rs. 50 and over) awards both the sender and the recipient Google Tez Scratch Cards, with one scratch card each week to its sender-recipient pair. Scratch card gives user the opportunity to earn up to Rs. 1,000, which is moved back to the respective bank accounts. 69 to get a Rs. You may make a maximum of 10 rewards weekly, up to a total of Rs. There Are Two Kinds of Google Tez Scratch Cards. The blue ones have been awarded to the sender and recipient, while one crimson ‘Lucky Sunday’s card is awarded to the sender once each week. This reddish Google Tez Scratch Card is secured until every Sunday, and consumers will have the ability to scrape it for an opportunity to win up to Rs. 1 lakh – according to Google.
Following the initial hiccups that the Google Tez program appears to be working reliably. The program works as anticipated and the Money Mode attribute does seem promising. But in comparison, the PhonePe program looks more useful since it allows you to cover your utility bills and other things. However, if basic money move is exactly what you require, the BHIM program still works just fine.