Google has launched it’s most anticipated new UPI (Unified Payments Interface) backed app which uses the VPA (Virtual Payment Access) . Which means Google Tez doesn’t need any prepaid wallet or credit card details or even NFC. It uses the Virtual Payment Adress of the individual given by the bank to send or recieve money to and from their respective bank accounts. Similar apps like tez like phonepe and BHIM are already available.
Although there were similar popular apps like “BHIM” and “PhonePe” , but google is trying to make a new entry in hopes to get popular than the already popular apps. Expectation were that the Google Tez would bring combined features of these popular apps plus android pay support but google is keeping it very simple.
Google Tez uses sound to transfer money
The app has a “Cash Mode” which works when the payer and the payee are face to face. For example, at a shop or a checkout counter. The cash mode in Google Tez uses a technology called “Audio QR” which allows authentication of the payer and the Payee via Sound waves. The sound waves are Ultrasonic and can’t be heard by humans. For normal mode the phone numbers or email id can be used to create a Virual Payment Adress for apps like “BHIM” and “PhonePe”.
The “Tez Shield”
“Tez Shield” is a data security solution from google for the app which prevents the users from fraud. It keeps the bank account and other valuable details like phone numbers and email id from fraudlents or any suspicious apps in your phone. We also tried to install the app in rooted phone as well as phone with Custom Rom but the app identified it and refused to work. Which is great, from the perspective of security.
First of all it doesn’t allow users to create a unique VPA of their choice unlike BHIM app. Instead it auto generates one with your gmail id @okhdfc. Also it doesn’t have an great design like PhonePe which let’s you instantly check account balance of all linked accounts and transfer balance between accounts. Google could have made this app superior by including “Android Pay” or use of NFC to make cardless transcations. With Virtual Payment and UPI available to use, much more similar apps are coming up. Whatsapp and Truecaller will soon launch their own UPI app for payments. So each app will make its own ecosystem. Just making a better versions of already existing apps wouldn’t tempt people to all new ecosystem. For example , People already using BHIM app or PhonePe would not make a shift to Google Tez untill , Google brings the perfect app with additional other features which other existing app makers can’t. And by going by the user base of Android, Google has certainly a lot more potential users to try their new apps.
Interestingly this app may not be India specific, as it will be rolling out to other Asian countries like Indonesia, Vietnam and Thailand. Download Google Tez apk which is availabe on both Android and iOS. The website for Google Tez is tez.google.com.
Similar apps like tez
There are apps like PhonePe and and BHIM already available on google playstore. The phonepe app has an initutive design and more functunalities. We hope that Google Tez will improve it’s funcunalities over time via upgrades.