A Short note on PhonePe,Paytm,Tez,etc.
Answers
Answer:
The Indian Mobile Payments market is witnessing an aggressive competition, with Google Tez being the latest addition. There are several mobile payment applications available now, be it for UPI, online shopping, or pure mobile wallets.
In this answer, we will be talking about the newly added Google Tez, Paytm, PhonePe, and BHIM application. All of them have some special features, all these apps are made for easy transactions using your smartphone.
Explanation:
About Google Tez
Launched recently, the Google Tez application comes with UPI integration. It allows you to make easy, fast, and direct payments through your bank account. Nearby payments are also enabled on the Google Tez app, making it convenient to make transactions without revealing any details.
About Paytm
One of the seasoned players in mobile payments market, Paytm can make transactions using a mobile wallet, credit/debit cards, and UPI. Paytm has even added a recent feature where you receive cashback in form of Gold, which is securely stored by Paytm only.
About PhonePe
A more recent player to the mobile payments platform, PhonePe is a UPI based app to provide cashless transactions. The app allows you to transact using the PhonePe wallet, Credit/Debit card, or UPI. You can pay bills and do recharges on PhonePe, just like Paytm.
Hope it helps u......