Yak Google Payment App 'Tez' Launched : Of Import Highlights
Available for both Android and iOS users, the app likewise allows person-to-person coin transfers amongst a novel applied scientific discipline called Audio QR, which uses ultrasonic sounds to allow you lot telephone commutation money, bypassing whatever request for NFC.
Tez is Google’s play to supersede cash transactions and move out a more cardinal business office of how people pay for things, using their mobile to produce so. But it’s likewise a jeopardy for the fellowship to force out around novel technologies — similar sound QR (AQR), which lets users transfer coin past times letting their phones utter to each other amongst sounds — to come across how it tin flame brand that procedure to a greater extent than frictionless, too thence to a greater extent than attractive to role than cash itself. More on AQR below.
Google linking upwards amongst several major banks inward the soil similar Axis, HDFC Bank, ICICI, too State Bank of Bharat (SBI), past times agency of UPI (Unified Payments Interface) — a payment measure too organisation backed past times the authorities inward its force to convey to a greater extent than integrated banking services into a real fragmented market. There volition likewise move phones coming to the marketplace from Lava, Micromax, Nokia too Panasonic amongst Tez preloaded, the fellowship said.
Note : Tez is not a mobile “wallet” in the same agency every bit PayTM offers a mobile wallet, where coin is stored inward the app too needs to move topped upwards to move used; it’s to a greater extent than similar Apple’s Wallet or other mobile wallets inward the west: a house that links upwards your telephone amongst your depository fiscal establishment accounts to allow you lot role your telephone every bit a agency to deduct payments from those accounts.
With this, Google move out latest international giant to come inward into India’s fast growing digital payment ecosystem. Google has announced that the app volition 'understand' eight Indian languages and volition operate amongst 55 banks.
Tez is Google’s play to supersede cash transactions and move out a more cardinal business office of how people pay for things, using their mobile to produce so. But it’s likewise a jeopardy for the fellowship to force out around novel technologies — similar sound QR (AQR), which lets users transfer coin past times letting their phones utter to each other amongst sounds — to come across how it tin flame brand that procedure to a greater extent than frictionless, too thence to a greater extent than attractive to role than cash itself. More on AQR below.
Google linking upwards amongst several major banks inward the soil similar Axis, HDFC Bank, ICICI, too State Bank of Bharat (SBI), past times agency of UPI (Unified Payments Interface) — a payment measure too organisation backed past times the authorities inward its force to convey to a greater extent than integrated banking services into a real fragmented market. There volition likewise move phones coming to the marketplace from Lava, Micromax, Nokia too Panasonic amongst Tez preloaded, the fellowship said.
Note : Tez is not a mobile “wallet” in the same agency every bit PayTM offers a mobile wallet, where coin is stored inward the app too needs to move topped upwards to move used; it’s to a greater extent than similar Apple’s Wallet or other mobile wallets inward the west: a house that links upwards your telephone amongst your depository fiscal establishment accounts to allow you lot role your telephone every bit a agency to deduct payments from those accounts.
With this, Google move out latest international giant to come inward into India’s fast growing digital payment ecosystem. Google has announced that the app volition 'understand' eight Indian languages and volition operate amongst 55 banks.
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