MAM
Google Pay launched in US, UK; Tez gets new features
MUMBAI: Google is attempting to become a hit in the vast payment space as well. After launching Google Tez in India a while ago, it has come up with a system to rival the world – Google Pay. It comes elements of Android Pay (a Google product) and Google Wallet.
The Android app is free to download but only available for US and UK users for now. Pay can be used for paying for public transport in London, Portland and Kiev.
Extending its Tez option, the Indian payment app will now enable bill payments for electricity, gas, water, DTH as well as postpaid mobile. You just have to link your biller accounts once and directly pay from your bank account.
Tez supports Bharat BillPay and doesn’t add any transaction charges. Built on the Unified Payments Interface (UPI), Tez will bring 80 private and public utility service providers for billing under its ambit. The app is supported in English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu languages.
The bill paying feature would include major utilities like Reliance Energy, BSES and Dish TV and would cover all states and major metros. The app supports all major and small scale banks in India for payment.
The app is aimed at protecting and securing user identification and details to help detect fraud and prevent hacking. Each transaction is secured with a UPI PIN and the app is secured with a Google PIN or the screen lock method such as fingerprint.
Just a while ago, WhatsApp also announced its payment system that would allow users to send money to their friends instantly similarly to Hike Messenger or Paytm’s Pay option.
