Google Tez renamed as Google Pay, to offer instant per-approved bank loans

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google pay application

How to transfer money using Google pay?
How to get a loan through google play app?

The Google for India 2018 event was held in New Delhi yesterday. During the Google for India 2018 event, the company changed the name of its payment app Google Tez. Google tez will now be known as Google Pay.

Google’s aim is to make Google Pay available at 1,50,000 retail stores in India by this Diwali 2018. Businessman and merchants will be able to pay for GoogleAd through Google Pay. Google has claimed that over 1.2 million small business people in India are using Google Tez (Google Pay).

Here is a exciting news for loan seekers, you will also get a loan facility through Google Pay app. To provide loans for its users, Google has partnered with Federal Bank, HDFC Bank and select banks in India. The loan amount will be pre-approved. This amount will be given to bank consumers through the bank.

It is to highlight that Whatever you like in the existing app, there will be no change appeared in the New Google pay app. Google has also announced that 2.2 million people use Google Tez every month. Since the launch in September last year, a total of Rs 75 crores has been transmitted through the app. The company has claimed that after the launch of Google Tez, BHIM UPI transaction has been increased to 14x every month.

In March this year, Google added the chat feature to the Google Tez app. With this feature, users can talk to the other person in their phone book.

google pay technogot website

How to transfer money using Google pay?

Google Pay uses the UPI platform and thus supports all banks on the UPI platform (Almost all!). Google has partnered with Axis, HDFC Bank, ICICI and State Bank of India for Google Pay.

So Google Pay is a UPI app. The process to send money through the Google Pay payment app is really simple.

Step:1 Install Google Pay from Google Play.

Step:2 Register with your mobile number which is linked to your bank account. with the help of OTP.

Step:3 Now enter Bank details which account you want to link with the Google Play application. If you are already registered on the UPI network, all you need to do is enter the UPI PIN and select your Bank details from the screen. If you are a new user, You will be redirected to make a UPI PIN. All process comes with easy instructions.

Step:4 You are all set now. you can Select New button for the new transaction.

Step:5 There will be three options available in the Google pay app.

a. Using Account Number- If the person whom you are sending money does not have a UPI ID, use this method.
b. Using UPI ID- If you want to send money to someone using their UPI ID
c. Using QR Code- By scanning a QR Code.

This is for sending money to people in your contacts list and those who are also using Google Pay. Select from the list of friends to send money.

Step:6 Enter the amount and remark. Press next.

Step:7 Enter your UPI PIN (MPIN).
Done!!

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