| Tez | |
|---|---|
| Developer | |
| Initial release | 17 August 2017; 8 years ago (2017-08-17) |
| Platform | Android,iOS |
| Successor | Google Pay |
| License | Proprietary |
Tez was amobile payments service byGoogle, targeted at users inIndia,[1] later folded into the newGoogle Pay app on 28 August 2018.[2] It operated atop theUnified Payments Interface, developed by theNational Payments Corporation of India.[3] The product was created as part of Google's Next Billion Users initiative led byCaesar Sengupta, former vice president and general manager, Payments & Next Billion Users, Google.[4]
Tez worked on the vast majority of India's smartphones (with apps for bothAndroid andiOS) with the Android app supportingEnglish,Hindi,Tamil,Bengali,Gujarati,Kannada,Marathi, andTelugu.[1] There were plans to release the app in other emerging countries includingVietnam,Indonesia, andThailand.[5] "Tez" is the Hindi word for "Fast". Within 37 days after being launched, Tez got about 8.5 million installations. Over 30 million transactions were made on the app as of 27 October 2017.
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Tez was accepted byPVR Cinemas,redBus,McDonald's,ACT Broadband, State government Electricity boards and was expected to be joined by a number of other businesses likeDish TV,Jet Airways andDomino's,Vodafone Idea,Swiggy,Zomato,Uber,Ola,Clubfactory,Zappfresh,Amazon,Flipkart and many more businesses. Google was also working with existing advertisers and online e-commerce platforms likeShopify and payment aggregators likeBillDesk andPayU. Google planned to add even more ways to pay on Tez (e.g., credit cards and wallets). Select phones from manufacturer partnersLava,Nokia Mobile, andPanasonic would have come with Tez preinstalled.[1]
The app was compatible with the vast majority ofAndroid andiOS devices.
The application did not require users to share any personal information such as mobile numbers or usernames like other payment applications. Instead, it used audio QR codes[5] that relied on sound transmitted at a frequency inaudible to the human ear from the payee handset to the merchant handset. This technology does away with the need forNFC chips on the handsets, which gave it an advantage since a significant number of smartphones in India and other developing markets do not have NFC chips embedded.