UPI is becoming a popular payment method in India after demonetization.Recently Google partnered with Axis bank and launched Google Tez UPI application.
There is a ’Cash Mode’ feature in Google Tez app.Using that any nearby can send money within themselves without sharing mobile number, bank account details or even without your UPI Id.This is new and creative idea brought by Google.
It also don’t store money on their wallet, every transaction is done directly from bank account or directly in your bank account.You can setup multiple bank accounts in the app.
You will get 3 option to pay i.e. Cash Mode, Using Bank Account and IFSC Code and using UPI ID.All transaction details can be easily accessed from homepage.As per security there are Figerprint lock, Pattern lock or you can also use Google authincator.
In my opinion, It is simple, easy to use, convenient and creative.