Tez is a mobile payments service by Google, targeted
at users in India. It operates atop the Unified Payments Interface, developed
by the National Payments Corporation of India. It can be used where UPI
payments are accepted. Tez works on the vast majority of India’s smart phones
(with apps for both Android and iOS) with the Android app supporting English,
Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu with more
languages coming soon. There are plans to release the app in other emerging countries
including Vietnam, Indonesia, and Thailand.
"Tez" is the Hindustani word for
"Fast". Within 37 days after being launched, Tez was able to get 7.5
million installs. Over 30 million transactions were made on the app as of
October 27, 2017.
Tez is currently accepted by PVR Cinemas, redBus,
McDonald's, ACT Broadband, State government Electricity boards and is expected
to be joined by a number of other businesses like DishT V, Jet Airways and
Domino’s. Google is also working with existing advertisers and online
e-commerce platforms like Shopify and payment aggregators like Billdesk and
PayU. Google also plans to add even more ways to pay on Tez (e.g., credit cards
and wallets).
