I am using this app since its release. Its a good application which makes my money transferring so easy. The money transferred is directy enters in the bank account linked to it not in some wallet or such things. As I now stay most of my time in hostel so my parents need not to go to the bank to transfer money to me, instead they also use tez app and send me money instantly when I need some. Again in cases of monetary emergency you can get helped instantly. Besides this app gives you 51 rupees when you invite one friend to use the app. So its helpful in making money too.
Overall its a great app and is very helpful in todays life.
Great application from Google.