Not exactly BHIM 4.0
But getting very close !
Yesterday , Google launched Mobile
Payment App “ Tez
“ , riding on UPI ( Universal Payment Interface )
Today’s newspapers had following to write :
ECONOMIC TIMES [ 19 Sept ]
:
Designed in a CHAT-LIKE INTERFACE , Google released the app
on Android as well as iOS on Monday
Caesar Sengupta , V-P, Next Billion
Users , Google , said, “ Tez has been made in India and will make
payments as easy as cash “
Tez
will be available in 7 Indian languages…….
“ The time has come with application as simple as this that what started as a
compulsion becomes a matter of convenience and eventually a matter of spending
habit as far as Indian people are concerned “, said Jaitley
Google has enabled merchants to use the Tez
platform to receive payments directly through
the app but promised only businesses that consumers transact with will
be able to use the feature and there will be “ no spamming “
Sengupta added that Google is also
working on integrating credit and debit card
payments through Tez and will enable it later this year
HINDUSTAN TIMES [ 19 Sept
] :
It is NOT
a digital wallet , requiring a constant top-up of cash
Instead , Tez
works with all the 50 + UPI-enabled
banks , so that money
stays in users’ bank accounts until they need to use it
Tez
users continue to earn interest from
their banks and have their deposits backed by bank security guarantees
BUSINESS LINE [ 19 Sept ]
:
Diana Layfield, Vice President , Head of
Finance and Commerce Products of Google’s Next Billion Users team , later told
reporters that Google sees itself competing against cash
“ We don’t see ourselves competing
against other players . Our competition
is cash “ , Diana said
Layfield also said Google is not looking
to monetize Tez
for now . She said customers of 55 Indian banks
on the UPI platform can now use the app
Caesar Sengupta , Vice President of the
Next Billion Users team at Google said ,
“ This starts us on a journey
to make digital payments simpler and more accessible to everyone “
BUSINESS LINE
[ 20 Sept ] :
Diana Layfield said :
“ Google is also working on integrating third-party
mobile wallets with Tez so that users needn’t require multiple payment apps
We felt the payments space was going to be exciting
and this is the economy which will digitize relatively rapidly . There was a
sense that this could add enormous value to India “
Google is also integrating Tez with Google Maps so
that when users search for a place , Maps can suggest stores in that area that
accept Tez . The stores will be able to make an offer to users and users in
turn will be able to make inquiries
“ There’s a whole another set of things that you can
add to the app “ , Layfield said
I believe the “ journey “ that Sengupta talks of , will run along
the lines of :
What makes me think so ?
I believe Sundar Pichai read
my email to him, in which, among many other
things , I requested him as follows :
06 Jan 2017
Dear Sundar Pichai :
During
your interview last evening with Vikram Chandra ( NDTV ) , you said :
"
I like to work on finding solutions to challenging
problems . I like to find solutions that millions of people around the World
can use to simplify their lives and empower
them
I believe, through use of Aadhar
based apps , such solutions can make a huge difference to Education ,
Healthcare , Economy etc “
Sundar , all of this was very
heartening !
Here are my suggestions for solving some of those " CHALLENGING PROBLEMS " :
[
F ] Simplification
of MOBILE WALLET
, which requires NO TYPING into the
App / ONLY SPEAKING
Dear Sundar :
Congrats and thanks !
I urge you to find similar elegant / simple solutions to those
other problems listed in my email
20 Sept 2017
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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