Google has recently announced that it will be combining together it’s all the payment services into a single brand which is known as Google Pay. The brand has announced that it will be combining Android Pay and Google Wallet into one payment service.
As per the company, for Google Pay users the payment information will be saved to their Google Account so that one can speed while checkout. Google further added that over the coming weeks, one can see Google Pay online, in stores and across Google products. Google Pay is already activated in some of the apps including Airbnb, Dice, Fandango, HungryHouse, Instacart, and other apps.
As per Google, it will also introduce this experience to Tez users in India. Hence, the implementation of the same will be interesting to see. This will surely be a difficult task for Google as Tez uses UPI payment system, which is not there in other two payment services.
To recall, Google introduced its UPI enabled digital payment app Tez, in September 2017. Users can directly pay from their bank account via this digital payment application. There is no need to open a separate account or add money in a wallet. The payment app uses Unified Payments Interface (UPI) and also Google has partnered itself with major banks including Axis, HDFC Bank, ICICI and State Bank of India.
Google Pay comes integrated with Tez Shield, which adds an extra layer of security and prevents it from being hacked. Google claims that every transaction is secured with UPI PIN. The app is secured with a Google PIN or with an individual’s fingerprint sensor. Also, there will be a new cash mode through which a user can send money instantly to other nearby Tez users instantly without letting know their personal details like bank account number etc. Google Pay users can also scan QR code to send money to an individual.