Google Launches New Payments App Tez For India

Google today launched an UPI-based payments app called Tez to promote digital payments. The Tez app, developed by Google, was launched by Finance minister Arun Jaitley in Delhi, who also made the first transaction on the Google Tez app. Speaking on the occasion, the finance minister said: "Google team saw a great potential in the remonetisation after the demonetisation." Tez also offers scratch cards to its users on transactions of worth Rs. 50 or more, which will allow them to win up to Rs. 1,000 with each transaction and be eligible to win Rs. 1 lakh every week with 'Lucky Sundays' offer.