Google Tez Apk for Android Free Download
Google Tez Apk: India, the second-most populated country in Asia after China, is a ripe market for mobile payment services, with a rapidly expanding middle class with more disposable income and a wider population that is very tech-focused, with an estimated 300 million smartphones in use today. Digital payments are expected to reach a volume of $500 billion annually by 2020, according to a report from BCG and Google.
Google officially revealed its first big expedition into mobile payments in Asia. The Android and search giant has launched the Tez App, a free mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers with a new twist: Audio QR, which uses ultrasonic sounds to let you exchange money, bypassing any need for NFC. Send money home to your family, split a dinner bill with friends, or pay the neighbourhood. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment APK for India,” Google notes in its information portal about the new APK.
Tez is Google’s play to replace cash transactions and become a more central part of how people pay for things, using their mobile to do so. But it’s also a chance for the company to push out some new technologies — like audio QR (AQR), which lets users transfer money by letting their phones speak to each other with sounds – to see how it can make that process more frictionless, and therefore more attractive to use than cash itself.
Google has confirmed to payments made and taken using UPI are free for consumers and small merchants. “Google is not collecting any payments from transactions. It is unclear how and if that will change when Google turns on functionality to upload cards to the Tez wallet, which is coming “in the next few weeks and months.” Card usage could come with a transaction fee. To be clear, Tez is not a mobile “wallet” in the same way as PayTM offers a mobile wallet, where money is stored in the APK and needs to be topped up to be used; it’s more like APKle’s Wallet or other mobile wallets in the west: a place that links up your phone with your bank accounts to let you use your phone as a way to deduct payments from those accounts.
Specifications of Google Tez Apk for Android
The key specifications of Google Tez for Android are here
Software Name: Google Tez
Software Author Name: Google Inc.
Version: Latest version 1.0.085
License: Freeware
Software Categories: Finance
Supporting Operating Systems: Android
Languages: Multiple languages
File size: 14.30MB
Google Tez Apk for Android
Google Tez is launched this month for Android users in India and will see Google linking up with several major banks in the country by way of UPI (Unified Payments Interface) — a payment standard and system backed by the government in its push to bring more integrated banking services into a very fragmented market. There will also be phones coming to the market from Lava, Micromax, Nokia and Panasonic with Tez preloaded.
Google Tez Apk file Supported banks include Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI. Online payment partners include large food chains like Dominos, transport services like RedBus, and Jet Airways. And informatively, to help address one of the many ways that the Indian market is fragmented, the APK has support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. For money transfers, there is a limit of ₹1, 00,000 in one day across all UPI APKs, and 20 transfers in one day.
The other thing is that it makes any kind of a contactless transaction with the device fairly flexible and easy. Services like Airdrop on iPhones require Bluetooth and if you’ve used it before isn’t that seamless and foolproof to turn on (even though it works like a charm when it does). QR codes, meanwhile, require you to turn on the camera on your device and physically align it with a code on another screen, a potentially fiddly and difficult process. Using audio taps into some of the most basic features on even the most basic phones, a speaker and a microphone.
While AQR might seem like a neat technical twist, there are some practical reasons behind why Google might opt for this in Tez. For starters, it obviates the need for NFC in the device, and in the payment devices of merchants or whoever else, a person is planning to transact with. While we are seeing a greater proliferation of NFC and Bluetooth across consumer electronics, it’s still not completely ubiquitous and when considering low-cost smartphones in countries like India, may not always be present.
While the service is launching in India this week, Google has also trademarked the name in other Asian countries like Indonesia and the Philippines, so there seems to be a wider strategy to expand this to other regions. At the same time, the market is challenging. India has to date had a very low credit card penetration, with many services based on cash payments. The general population has been resistant to changing those habits, and the regulatory framework up to now has not made it easier.
Google Tez for Android made its debut in India earlier this month, marking the company’s entry into the digital payments segment. Tez relies on UPI — the centralized payments interface rolled out last year — to enable peer-to-peer money transfers, and while the service can also facilitate online payments, that feature is still in its infancy. If you’re just getting started with Tez or are looking to learn more about the service, here’s what you need to know.
Download Google Tez Apk here
Features of Google Tez Apk for Android
The following feature will take you to a better understanding of this Google Tez Apk before download and use it on your Android mobile. So the users may take a look into this and start using this Apk without any slugs.
- Offering the user to utilize their Credit and debit cards with Google Tez Apk.
- Currently, includes more than 55 Banks all over the country.
- Most secured cash transaction Apk with multi-layer peer to peer security.
- Added to money transfer, Google Tez can be used for online money payments.
- Presently supported by seven national languages including Tamil, Telugu etc.,
- Initially, it provides the referrals scheme gives you Rs.51 for the referee as well as referrals.
- Allows the maximum transaction limit from 1lakh to 20 lakh every day.
- Genuinely link your account to Tez over UPI and right away switch money from financial institution to bank.
- Immediately ship or obtain payments to absolutely everyone close by without sharing private details like your phone number or financial institution account.
- Pay and set reminders for habitual payments together with DTH.
Related Apps for Google Tez Apk for Android
The related apps of Google Tez Apk are given below & Download Google Tez app now
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How to download and install Google Tez Apk for Android
Since Google Tez is available on Google Play Store, you can install this app within a few minutes.
- Launch the Google Play Store app.
- Search for Google Pay App on the search bar (Google Tez is renamed as Google Pay).
- From the search results, select the official Google Tez app developed by Google LLC.
- Click Install to start the installation process.
- Within a few minutes, the application will be installed on your Android device.
- Now click Open to launch the Google Tez App.
Summary about Google Tez Apk
Today you have known with the most powerful and useful money Transaction Apk thrown by Google. Unlike other Payment Apk already exists, Google Tez Apk is something different and unique in its function and usage as we are seen in this post already. As my experience, everything is going to be digitized and our government also insisting on the purpose of digital money. To use them both in a simple way Google Tez Apk is very much helpful to the users. Stay in touch with us for further updates and included features in Google Tez Apk. Need any assistance in accessing and using this Apk for your mobile let me know to sort out easily. I have been satisfied by writing about this fascinated post-Google. Tez and I believe that this Apk will push the people to migrate towards digital money transactions. And I request you to support us by sharing this post information with your noblest around you through the social media as well as others to create a wide influence.
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