I like how beautifully white are all the people in Tez ads. /s
Google debuts Tez, a mobile payments app for India
81–90 of 99 posts
Re: Google debuts Tez, a mobile payments app for India
#82Not 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…
No its not. Why do you want wallet when you can transfer directly from bank account with same ease? 270 million bank accounts were opened under Jan Dhan, mainly poor. Paytm is transforming itself to payment bank and UPI provider.
Lots of people are unbanked/underbanked -- that is where mobile payments (like MPESA) shine. Assuming that everyone has a credit card and/or bank account is a US-centric assumption that came about as a result of COPPA, and the big companies miss out on getting adoption from teens, children, and people who have been locked out of the financial system.
Re: Google debuts Tez, a mobile payments app for India
#83Ah, Google is using their Nearby tech for something directly useful! Still surprised how little it (or similar tech) is in use
Re: Google debuts Tez, a mobile payments app for India
#84The name is poorly chosen imho. This is going to create confusion with an existing high-profile cryptocurrency project (Tezos, written in OCaml).
Re: Google debuts Tez, a mobile payments app for India
#85I 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…
Google really should have pushed this during demonetization. They are too late into the game. The market is currently filled with tons of UPI apps and most of them are half-baked.
Re: Google debuts Tez, a mobile payments app for India
#86The name is poorly chosen imho. This is going to create confusion with an existing high-profile cryptocurrency project (Tezos, written in OCaml).
it's an Hindi word meaning "Fast" which I believe reflects the app characteristics accurately.
Re: Google debuts Tez, a mobile payments app for India
#87The Problem is not the quality app but the adoption rate. There are already tons of UPI apps available and none so far have been successful (Bhim, Phonepe and paytm are top 3). Google is already is late to the game. So, If Google wants this to make it hit, it really needs to heavily market it. Otherwise It would be like another futile attempt to switch Indians to digital payment systems, which currently, they are reluctant. I have high hopes for this one.
Re: Google debuts Tez, a mobile payments app for India
#88"Government of India has made it mandatory to link your Aadhar number with your Tez account. Please link your Aadhar number to enjoy uninterrupted service." - Waiting for this to happen. My Indian friends say they are getting these messages from the Income Tax department, their banks and even their ISPs, e-wallets providers, telcoms etc.
Unless an order comes from the Supreme court, you can conveniently ignore all these messages. So far, the Supreme court has not mandated mobile/payments app linking with Aadhaar. Given the recent win in the privacy battle, Aadhaar proponents will find it hard to mandate linking Aadhaar with every goddamn financial activity.
This. I don't understand why government is actively pushing their schemes, when supreme court clearly tells it to not.
Re: Google debuts Tez, a mobile payments app for India
#89Not 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…
Getting a bank account as a student is stupid simple and your parent can transfer money to it. People were doing it for a long time in my campus, almost every student had an account in the bank in the university.
Also, can you define 'functional bank account'.
Re: Google debuts Tez, a mobile payments app for India
#90Earlier quoted context omitted.
Is a soft T like the way some Americans say "water", i.e. with a "D" like sound, as compared to the hard "T" in water traditional in British English?
No. It's a soft T the way Spanish or Italian speakers say their Ts.
Imagine saying "both age" without the "bo"