Today Tez is the most popular mobile app for fund transfer and payments. Crores of people are using this app to make instant payments. I have compiled the 10 best features of the Tez app which have made it the number one UPI app of India.
Based on UPI
The Tez app is based on the UPI Payment system. Thus you would find all the features of UPI in this app as well. As you may know that UPI is a payment interface developed by the NPCI. This system facilitates the instant fund transfer between two accounts. The bank account number is not mandatory to use this system.
This system works on the mobile numbers linked to the bank accounts. And money is transferred from one bank account to another. The apps only work as a facilitator.
There are many UPI based apps in the market. Almost every bank has its own UPI based mobile apps. Such as SBI Pay, PNB UPI etc. But the most prominent names are the Paytm, Phonepe, Freecharge and of course the Tez.
Made By Google
The Google has made this app specially for India. The backing of Google makes it unique. The Google has used its technological power and money power to make it successful. You would find some unique features in the Tez because of the Google.
The Google has provided the special Tez shield to make this app safe. It uses artificial intelligence to prevent frauds.
In fact, Google Came late in the scene But within few months the Tez became the number one UPI app in India. Before this Google Was working Android Pay. But For India, it has seen the opportunity in the UPI based app.
Instant Fund Transfer
This is most loved feature of UPI. Hence, the Tez also gives you this facility. You can pay money instantly to a bank account. This system works 24 hours a day and in all the 365 days of a year. Thus, there is not a possibility of delay.
This feature is common to all UPI apps. You can send as well as ask money from someone. The Ask money feature can be used if both the parties use a UPI app. The other party may have any other UPI app.
To use the Ask Money or Request money feature, you must know the UPI ID (VPA) of the Payer. On the basis of UPI ID the request feature intimate to the payer.
After seeing the notification of Fund request, the payer can approve this payment by entering the UPI PIN.
Many Bank accounts
The Tez gives you the facility to link several bank accounts. This single app can be used for multiple bank accounts. But at a time, you have to set one bank account as default. however, you can change your default bank account at any time.
Note, For every bank account, you have to set separate UPI PIN. It is necessary for authentication.
Also Read: How To Set UPI PIN in Tez App
Cash mode for Nearby People
The Google Pay (Tez) has a unique Feature the ‘Cash Mode’. This mode makes fund transfer easy to the nearby people. In this mode, you are not required to enter any information of the Payee. Whether it is UPI ID, Bank Account Number or mobile number.
In the cash mode of Tez, you would be able to identify the nearby people in your Tez screen. It is similar to choosing the Wifi network or Bluetooth devices. The Google is using sound recognition technology for this type of transfer.
Bill Payment Facility
Through this app, you can pay bills for electricity, DTH, mobile, Gas, etc. There are more than 100 billers listed. In fact, the Tez has adopted the Bharat Bill Payment System. This is also an NPCI promoted system to make Bill payment easy and cheap.
The bill payment facility of Tez also tells you the billed amount of your registered billers. Thus you are not required to find out the bill amount.
Offers and Rewards
The Tez App gives you various offers and rewards. Lakhs of people have earned good money by using the Tez apps. At the time of writing this post, following offers are live.
- Tez Referral Reward
- Scratch card
- Lucky Fridays Draw
Send Money Easily To Contacts
It is further easy to send money if the sender and receiver both use the Tez app. The identification of receiver is very easy by using the mobile number and email IDs. Hence, when you select a contact, the Tez app ascertains the identity by tallying mobile number and email address. On the basis of this identification, it sends money to the receiver. In this method, as well, you don’t enter any information for fund transfer.
Free of cost
Like other UPI Apps, the Google Pay (Tez) is also free. It does not charge a paisa for the payments. While you have been paying charges for fund transfer through the NEFT and RTGS.
The NPCI does not charge anything for providing the UPI system to the Tez and other apps. The Google also, do not charge anything for the use of its app.
Also Read- Tez is now ‘Google Pay’, What Else Changed
These are the 10 main features of the Tez app. It is also quite useful for the business as it gives a platform for the payment of products and services. However, Phonepe and Paytm also have some good features and you can also check them out. BHIM is simple and gives handsome rewards as well. You should also read the review of Tez app in which various features of Tez is compared with BHIM, Paytm and Phonepe.