There will be a lot of questions about Google Pay in your mind.
What are the advantages and disadvantage of using this app?
I would recommend you to read this article carefully and complete so that you do not become a victim of any scam and fraud.
To promote Digital India, NPCI (National Payments Corporation of India) first released the Unified Payments Interface based Bhim App.
Shortly after that, all the banks launched their own UPI app.
You must have heard the name of Bhim and PhonePe that same Google Pay app works.
You get a little extra feature on Google Pay. Now Paytm has also started supporting UPI.
What is Google Pay (Tez)
What is Google Pay? Google Pay UPI (Unified Payments Interface) is the Mobile Payment System app.
Google Pay also works like Bhim and the rest of the UPI Apps.
In this, you get the Feature of Tap for Tez Mode in which you can pay the person who is in front without asking the UPI ID.
It also saves you time.
The Google Pay (Tez) app was launched by the Google Team on August 17, 2017.
With the help of this app, you can instantly transfer money to any person’s bank account.
UPI is a mobile payment system where you can send money at any time and in any bank.
Not necessarily the person you are sending money is also a Google Pay (Tez) app, you can transfer money to Direct Bank’s bank account too.
Now UPI Payment is being accepted at many places and you do not have to spend money in Pocket.
If anybody wants to pay the money then we do not need to send money to Net Banking or Bank, but we can send money to anyone’s bank account in less than 1 minute.
How does Google Pay app work?
Google Pay works on UPI. Now you should be wondering what is UPI? The full name of the UPI is Unified Payments Interface.
This is a real-time payment system. It was introduced by NPCI (National Payments Corporation of India) on April 11, 2016.
After registering with the Google Pay app, we have to link our bank account and then we can send and receive money from the same bank account.
When you send money to anyone with the help of Google Pay app, you will be able to cut the money from your bank account and reach the person’s bank account in front of the person, and when the person in front is sending money to you, cut the money from his bank account Will come in
Due to the transfer of Bank to Bank money transfer, we can instantly pay anyone.
With this, you can also do mobile recharge and bill pay. Now you know what features you get in this.
What are the benefits of Google Pay
Tap for Tez Mode: You can use Tap mode to perform a quick transaction.
It also saves you time and does not have to save everyone’s number.
Bank Payment: You can send money to any person’s bank.
Even if he does not use the Google Pay app Google supports more than 50 banks on Google.
Mobile Recharge & Bill Pay: You can recharge mobile and Dish TVs at home.
At the same time, you can also pay a bill with it.
Chat Service: You can also chat with the Transaction.