Google Pay: What Is It And How It Works?
UPI has become a popular mode of payment transfer these days, and plenty of UPI mobile apps are being launched every day. Now Google has joined this race by launching its own UPI-based payments app named Google Tez.
The app is now available for both Android and iOS users. Here is a step by step guide to get started with this all-new UPI application.
What is Google Tez?
Google Tez is a UPI (Unified Payments Interface) based mobile wallet from Google. Just like all the other UPI based wallets, this app also permits its users to transfer funds without requiring the recipient’s bank accounts.
In this case, to simplify the process of money transfer, recipient’s UPI ID is used as a proxy for the bank account number and IFSC Code.
How is it different from other digital wallets?
One of the main difference between Google Tez and other UPI apps is that you don’t need to store the money in this app to make the payments, whereas most of the other digital wallets don’t let you transfer funds without storing it in the app.
Also, this digital wallet works as an extension of recipient’s bank accounts, which means that you can earn interest on the unused money remains in the bank.
Apart from this, each transaction is initiated by the sender entering his UPI pin with the additional security of existing phone locks.
How can you transfer money using Google Tez?
Step 1: To start using the app, you need to first download the app from the Google Play Store or Apple App Store. Click on the “Install” button as shown below to download and install the app on your Smartphone.
Note: The screenshots given here are from an Android Smartphone, and they are for illustration purpose only.
Step 2: Once installed, open the app from your Android app drawer.
Step 3: Choose your desired language to get started with the app.
Step 4: On the next screen, you need to enter the mobile number that is linked to your bank account. Enter your number and click “Next” as shown in the picture below.
Step 5: Next, the app lets you choose your Google account (this is for receiving notifications and alerts from the app). Choose your Google Account from the listed accounts, or you can also add an account by clicking on the “Add Account” button. Click “Continue” once the account is selected.
Step 6: On the next screen, the app will automatically send an OTP message to the registered mobile number for verification. Also, the app will automatically detect the OTP once your device receives it and will progress to the next step.
Step 7: Unlike all other digital wallets, Google Tez supports an in-app lock. You can create a new Google PIN for Tez lock. You can also use your phone’s screen lock for additional security. Click “Continue” to set the PIN.
Step 8: The next screen will let you choose a four-digit PIN. Enter your chosen PIN twice to set the PIN.
Step 9: Now you have reached the app’s home screen. To make payments through UPI, you first need to select your bank account number. Click on “Add Bank Account” as shown below.
Step 10: The next screen will let you choose your bank. Google has tied up with a large number of banks, including Axis, ICICI, HDFC, SBI, and many other banks. Select your bank from the list of available banks as shown below.
Step 11: The app will automatically verify the number linked with your bank account and will add the selected bank account to the app.
Note: Users who already have UPI PIN can proceed to the next step by entering their pre-registered unique UPI PIN. Or if you have don’t have a UPI PIN, then you will have to create one.
Step 12: Once the bank account is linked, you can start transferring the fund using any of the available options. Click on “New” under Payment section of the app. Now you will be listed with the available options to transfer funds.
- Either using Account Number and IFSC or
- Using UPI ID, QR, or Phone
Select your desired option and enter the details on the next screen to transfer funds.
Other Features Of Using Google Tez:
Using Google Tez, you can also transfer funds by entering the recipient’s phone number or by using the camera to scan QR code.
Another great feature of Google Tez which set this app apart from all the other mobile wallets is that you can use the “Cash Mode” which allows quick money transfer with nearby Tez users without sharing their phone number.
What do you think about Google Tez UPI app? Have you tried it on your device? If so, share your opinion here.