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Google debuts Tez, a mobile payments app for India

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Re: Google debuts Tez, a mobile payments app for India

#51

Post by eqtn »

TeMPOraL wrote: post #32
amrrs wrote: post #18

Earlier quoted context omitted.

This is a story i'm trying to understand. 1. Indian Government wants to emulate something like SSN (in the US) as a single identifier for every citizen in this country. 2. This is an easy way for a Government to track the actions of every individual digitally and financially - end of Privacy!

Lots of countries have single (or even multiple) identifiers for every one of their citizens. It's not the end of privacy, it's business as usual. Related, I wonder how the UK deals with their citizens not having a national ID?

The main problem they have is the aadhar(the unique id) is linked with fingerprint and retina scans

Re: Google debuts Tez, a mobile payments app for India

#52

Post by kamaal »

eqtn wrote: post #50
abhij89 wrote: post #47

As long as country doesn't mandates using cashless payment modes, launching new payment apps won't help. Country already has too many such apps, with google bringing another it will only eat the competitions share of profit, instead of increasing the demand. Indian people still aren't very comfortable with online payments. They still like to trade in cash.

Currently UPI transactions are free (except for a few banks). So many are transferring using this. Once they start charging the user for transaction, this will drop. Even if the charge is .50 paise.

The charge has to be 0. For one simple reason most of the everyday buying in India is in the FMCG sector where profits are razor thin.

No one will be spending the profit equivalent just for a transaction.

Re: Google debuts Tez, a mobile payments app for India

#53

Post by BilalBudhani »

I've been using Chillr app for payments, And it has a great experience but sadly there's a limit of 5k/day – which is ridiculously low if they want SME to go cashless. Whereas, Google's Tez has a 100k/day limit which IMO would work as a leverage for the app.

Re: Google debuts Tez, a mobile payments app for India

#54

Post by eklavya »

kamaal wrote: post #49
pvsukale3 wrote: post #6

I live in India. Many people have launched UPI based payment apps. Even government launched an app called BHIM. It is really good. UPI is a really good concept. The problem: None of these apps is used by most of the vendors in cities. Except for Paytm which is available with many small vendors in cities. They used the demonetization period to heavily market the app by going vendor to vendor singing them up.BHIM is re…

>>Except for Paytm which is available with many small vendors in cities. No. I live in Bangalore and 'many' small vendors don't accept Paytm. They did it momentarily as a last ditch effort to not see their business crash. Cash has come back like no tomorrow. Also you don't have to teach people anything, or provide any amount of free internet plans. If they are smart enough to use WhatsApp and while away time on the i…

This is spot on. The resistance to online payments and the newly introduced GST is not technical/financial it's because they don't want to pay taxes.

Re: Google debuts Tez, a mobile payments app for India

#55

Post by Oletros »

the_common_man wrote: post #14
prkvs wrote: post #10

Not even a day and see the number of negative comments on the playstore.

I read your comment and checked the app page. ( https://play.google.com/store/apps/details?id=com.google.and... ) It had 4.5 stars. I was like what is this commenter talking about. I then dig into the comments and there are a massive number of negative comments. I am not sure what is happening here but the rating seems artificially inflated. It shows that there are only 9 1-stars and yet in comments there are way mor…

Right now I see 3.2 stars and doing the calc with the votes it is right

Re: Google debuts Tez, a mobile payments app for India

#56

Post by flyingf0x »

BilalBudhani wrote: post #53

I've been using Chillr app for payments, And it has a great experience but sadly there's a limit of 5k/day – which is ridiculously low if they want SME to go cashless. Whereas, Google's Tez has a 100k/day limit which IMO would work as a leverage for the app.

Chillr app now have 1L per day limit on UPI, the other IMPS limit is as mandated by the respective bank.

Re: Google debuts Tez, a mobile payments app for India

#57

Post by piyush_soni »

subsidd wrote: post #15

Not having a wallet option is a deal breaker. Cashless payments is very popular amongst youth here and majority of us college students don't have a functional bank account which makes us either carry our parents debit cards or our parents "Paytm" us (yes, it's become a verb here) our monthly pocket money. Regardless of that, there is still a very poor adoption of cashless modes of payments by street hawkers and kiran…

Yes, I was surprised because they already have the 'Google Wallet' in other countries. They could have just expanded that here with all the bells and whistles of adding your credit cards, debit cards etc. along with UPI.

Re: Google debuts Tez, a mobile payments app for India

#59

Post by senatorobama »

egeozcan wrote: post #39
senatorobama wrote: post #33

Earlier quoted context omitted.

Must be Arabic or Persian in origin...

According to the Armenian-Turkish language researcher Sevan Nişanyan[1], it is of Persian origin, with a likely link to the Old Turkish "Tez", which means escaping. Going very off-topic here but it's interesting if you like etymology: In modern Turkish "Tez" means "in a short time", but also "thesis", which we borrowed from French who took it (ultimately) from Old Greek "títhēmi" which is evolved from the root "*dhē-…

Etymology is a great hobby of mine. Another mind-blowing one is the Indian name/attribute 'Deva' and Latin 'divine' both had the same root. Funny to think that Indians and Europeans were once the same people, and probably mixed with the Dravidians to make the modern Indian.

Re: Google debuts Tez, a mobile payments app for India

#60

Post by captn3m0 »

pvsukale3 wrote: post #6

I live in India. Many people have launched UPI based payment apps. Even government launched an app called BHIM. It is really good. UPI is a really good concept. The problem: None of these apps is used by most of the vendors in cities. Except for Paytm which is available with many small vendors in cities. They used the demonetization period to heavily market the app by going vendor to vendor singing them up.BHIM is re…

UPI is a private payment instrument. It has nothing to do with the Government. (BHIM is not a government app either, despite our PM promoting it)
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