Jaitley Launches Google’s Payments App For India “Tez”:- Finance Minister Arun Jaitley, in tune with the Modi government’s encouragement for digital payments, has launched Google’s mobile wallet and payments app “Tez”, specifically designed for India.
Unlike the Android wallet, Tez is one of a kind payments app that is Unified Payments Interface (UPI)-enabled. The app is targeted mainly for Indian customers.
Jaitley, speaking at the inauguration, said after the note ban decision in November, 2016, Google had been able to eye the potential of ‘remonetization’. He said people took to digital payments after demonetization as a “compulsion” first and it has since then become a habit.
(Video Source: DD news)
“Tez by Google and other ecosystems will make a major change in the digital payments landscape in India,” he said.
Apart from UPI, Tez will be supported by Paytm and MobiKwik. The app, Tez also translates to fast in Hindi. The inauguration ceremony described the app as “Made for India first, transact directly from bank account, makes payment simple, built around your ease and super secure”.
Watch How Tez Works: