Google Tez allows you to make hassle-free payments.
"We are adding a specially-designed bill pay experience in "Tez" which will enable users to make a wide range of bill payments, including electricity, water, gas, DTH and insurance from the app", said Diana Layfield, Vice President, Payments and Commerce, Next Billion Users at Google.
For most recurring utility bills, Tez will fetch any new bill and send you a timely notification when it arrives. Similarly, user can also check the payment history by tapping a biller from the list. Google now supports over 80 billers (here's the list) from across the country, and, all the billers you have added can be found on the app's homescreen. Just tap on New Payment and then Pay your bills. Tez supports Bharat BillPay system that gets users to the latest bill from the providers. At the moment, Tez has support for more than 80 billers including national and state electricity providers, gas and water, and DTH recharge. Instead, Tez works with all 50 plus UPI-enabled banks, so that money remains in users' bank accounts until they need to use it.
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The aim of Google via this entire effort is to save time for users in paying bills. You only need to enter a new biller once to start and then future payment experience will be done in a few seconds.
Once the account is linked, Tez will automatically fetch any available bills. Tez's entry into this category is expected to disrupt the space as higher incentives will see one set of users changing loyalties to gain additional discounts. Once a contact is on Tez, users do not have to add beneficiaries or enter bank account number and IFSC codes. It offers a scratch card up to Rs 1000 for every new biller users pay for the month. Keep following us for the next update on Tez as soon as it surfaces.