Tez: Government-backed Unified Payment Interface (UPI) Platform

Worried about online transactions, Tez application is here to help you. Tez is an application built by the internet giant. This application allows users to do financial transactions with the help of government-backed Unified Payment Interface (UPI) platform. This payment platform helps with money sending and receiving facilities.

The officials stated that this unique payment solution is designed in a chat-like interface. Additionally, Google officials added that the best part of this application is it works on both Android and Apple iOS platforms. Right now Google has partnered with four banks such as Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI). Though they are planning to connect with all 55 banks that are on the UPI platform, Google said.

Google also added that many amazing features make it easy and safe to use. A feature called Cash Mode where one can pay without sharing bank details or phone number is specially designed for those who are unwilling to share their bank details to large merchants. Google suggested that the technology took months of testing to fine tune.

Priyanka Negi

Content: economictimes.indiatimes.com