Google has announced that it will be bringing together all the payment service into a single brand known as Google Pay. The brand has announced that it will combine Android Pay and Google Wallet into one payment service.
The company says that with Google Pay, the payment information will be saved to Google Account so that one can speed through checkout. Google further asserted that over the coming weeks, one will see Google Pay online, in stores and across Google products. Google Pay is already available on Airbnb, Dice, Fandango, HungryHouse, Instacart, and other apps.
The company has revealed that it will also bring these experiences to Tez users in India, however, the implementation of the same will be interesting to see. This would surely be a difficult task for Google as Tez uses UPI payment system, which is not found in other two payment services.
To recall, Google introduced its UPI-enabled digital payment app, Tez, in September 2017. Through this digital payment application, users can directly pay from their bank account and there is no need to open a separate account or reload money in a wallet. The payment app uses Unified Payments Interface (UPI) and Google has partnered with major banks including Axis, HDFC Bank, ICICI and State Bank of India.
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The app also comes loaded with Tez Shield, which adds some extra layer of security and prevents it from getting hacked. Google says every transaction is secured with UPI PIN and the app is secured with a Google PIN or one’s screen lock method like a fingerprint. There is a new cash mode through which a user can send money instantly to other Tez user nearby without sharing personal details like a bank account. The app users audio pairing to connect with nearby users and one can scan QR code to send money.