Tez, digital payment app is works free of charge across banks.

Google Tez records 4 lakh active users within 24 hours of its launch

Google Tez, digital payment app launched in India touched the benchmark of lakh active users on within 24 hours. The app launched by Finance Minister, Arun Jaitley on Monday saw a total of nearly 1.8 crore gross merchandise, a Google spokesperson said in a statement.

Google tez, an app which allows the users to make the digital payments free of charge from their Bank accounts is being designed on Unified Payments Interface (UPI) and is being made to work on the smartphones in the country. With a view of supporting the agenda of Digital India, the app is being made available in English and seven major Indian languages namely Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telegu.

In the partnership with four major banks – Axis bank,  HDFC Bank, ICICI Bank and State Bank of India Google has put a step forward to explore the potential in the field of Digital payments in a developing nation.

On the occasion of launch Arun Jaitley said that the idea of Tez was in talks with Sundar Pichai, CEO Google from Januay, 2017. D.D Mishra, the Research Director, Tez stated that “It is too early to say whether it can be a game changer as evolution in this business is going to continue, but yes it has the capabilities to bring some disruption as of now.”

SOURCES: NDTV  , TOI

Feedback welcome!