Google’s digital payment app – Tez – which was launched in India on September 18, has been downloaded five million times from Google Play. To recall, within 24 hours of Tez being launched, Google saw nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users. Also Read - Google's offline dinosaur game in new Olympics avatar: Here's how to can playAlso Read - Top 5 free Android apps on Google Play store this week
Built on the Indian government developed Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts. Also Read - Best camera phones under Rs 35000 to buy in July 2021: Pixel 4a, Mi 11X, and more
According to the National Payment Corporation of India (NPCI), the number of transactions on UPI has crossed three crores in September. The number of transactions on UPI platform increased to 3.07 crores in September as against 1.66 crores in August – an increase of 85.32 percent.
Of the 3.07 crores transactions, BHIM’s share was 76.03 lakh – a market share of nearly 24.7 percent. ALSO READ: Google Tez: How to use this light UPI app to make transactions
Tez app works in partnership with four Banks – Axis Bank, HDFC Bank, ICICI Bank and State Bank of India – to facilitate the processing of payments across over 50 UPI-enabled banks.
The app was built for India, working on the vast majority of the country’s smartphones and is available in English and seven Indian languages – Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. ALSO READ: Google partners with budget smartphone makers for pre-installing Tez in devices