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Google Tez Vs Other Digital Payment Apps

Google Tez is the latest foray in the mobile payment applications in India. The technology giant has launched the Tez mobile application, to add to the numerous apps including Paytm, MobiKwik, and government’s own Bhim app. The Google Tez payments gateway app has been developed to make it easier for users to transfer money, other users, as well as for payments at businesses which enable digital transactions. The mobile app is supported by India’s Unified Payments Interface (UPI). It enables users to instantly make transactions at no charge. There are various intriguing characteristics in the Tez mobile app and they are like most other payments apps present here. However, there are some key disparities in Google Tez and other services like Paytm.


Bank accounts vs Digital Wallets

Tez is not in upfront competition with other digital wallets like Paytm and Mobikwik. This is mainly because it only works with customers bank accounts. As of now, the mobile app supports 55 banks in India, and they include ICICI Bank, State Bank of India and HDFC Bank.

Tez basically allows customers to carry out payments in three ways.

  • First one is the through UPI ID.
  • You can also pay through a QR code mode. Here you will be able to scan and make the related payment. This process is a bit similar to the QR method on Paytm.
  • You can also pay using mobile numbers.

However, it should be noted that all the above processes require your number to be linked to your bank account number. This is not a necessary feature in other digital wallets, like in Paytm you can just send/receive money on your mobile number itself.

Cash Mode of Google Tez

Additionally, there is another new feature that Google has presented. While a lot of other UPI-based apps are present in the country, Google has offered a totally new feature in Tez. This includes ‘proximity’ payments. This feature enables users to carry out ‘cash’ transactions. This allows users to neither reveal their mobile number nor their bank account details.


Apart from the three modes mentioned earlier, Google also uses another method called ‘cash’ mode and the proximity feature is used here. This means that users will be able to transfer the money if they are closeby. All you need to do is click on the ‘Cash’ button in the Google Tez app, and the instructions will follow. Google says it works based on ‘audio’, so it is probably a new technology which uses sensors and microphones. The cash transfer feature seems like the ‘Bluetooth’ sharing system. This type of a system is currently unavailable on most of the smartphone apps. Meanwhile, it should be noted that Google has also created a special version for businesses, called Tez for Business.

Google also supports many Indian languages, which gives it an edge over many other digital payments apps. With this step, Google seems to have jumped into the fast-growing digital payments space in India. While it offers a few feature different many other apps, the question remains whether the tech major will be able to keep up with a massive market which is already occupied by many popular digital wallets!

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