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Tez (software)

From Wikipedia, the free encyclopedia
Digital payments application for Indians
Tez
DeveloperGoogle
Initial release17 August 2017; 8 years ago (2017-08-17)
PlatformAndroid,iOS
SuccessorGoogle Pay
LicenseProprietary

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.

Service

[edit]
Google payment apps


2006–2013
Google Checkout
2011–2015
Google Wallet
2015–2018
Android Pay
2015–2018
Google Wallet
2017–2018
Tez
2018–2022
Google Pay
2018–2020
Google Pay Send
2018–2020
Google Pay
2022–present
Google Wallet
2020–present
Google Pay


See also:Google Pay (payment method)


Acceptability

[edit]

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]

Device compatibility

[edit]

The app was compatible with the vast majority ofAndroid andiOS devices.

Technology

[edit]

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.

References

[edit]
  1. ^abc"Introducing Tez—a mobile payments and commerce app from Google, made for India first".Google Blog. 18 September 2017. Retrieved18 September 2017.
  2. ^Caesar Sengupta GM (August 28, 2018)."Google Pay — the next step in the Tez journey".Google India Blog.
  3. ^"Introducing Tez, a mobile payments and commerce app from Google".Google India. 18 September 2017. Retrieved18 September 2017.
  4. ^"Longtime Google VP in charge of Pay, Next Billion Users and oversaw Chrome OS departs".9to5 Google. 21 March 2021. Retrieved29 September 2023.
  5. ^abOng, Thuy (September 18, 2017)."Google's new payment app for India uses sound to transfer money".The Verge.
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