Top 5 reasons Tez is winning the race of best UPI

NP NEWS NETWORK

Pune

People of India have been more frequent with transactions online and Tez app is what they are opting for their bank transactions. Google Tez, ahead of BHIM is winning the hearts of people and youth.

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Tez UPI app was started by Google in the month of September in 2017 whereas; BHIM app was started in the month of January. Thus, Google brought Tez app in the market prior to BHIM app but still, Google Tez is way ahead of Indian government’s BHIM app.

On a research was done on the users of both the apps, the users especially the youngsters are more satisfied using Tez rather than BHIM. Within four months of its launch, Tez beating BHIM has already bagged the spot next to the country’s third-largest private sector. Following which are Paytm which is ranked 4th, PNB and other banks are on the list.

Prince Singh, a Pune based college student said, “Tez gives rewards and cash back, various coupons to me frequently which I find more profitable, whereas BHIM was unable to do so. So, I prefer using Tez more. Also, Tez is more secure as it only works if the registered sim card is detected whereas, BHIM does not as well as its GUI is much more attractive and user-friendly.”

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Aspects on which Tez is ahead of BHIM app and are being:

• Frequent Cashbacks: Users are being benefitted by cashbacks including rewards of Rs 51 and such every week, whereas cashbacks of BHIM are stopped being given to the users, complaints from various users have been coming since several months that BHIM which had promised to give cashbacks could not keep its promise.
• Consumer-friendly: Tez is much more user-friendly compared to BHIM app. Setting up of Tez, logging into it and operating it is much easier. The user interface of Tez is much more attractive than BHIM. The operations on Tez app are much prominent and easy to understand by the users.
• Security: In terms of security, Tez is considered as a priority rather than BHIM. Google Tez is developed by the search giant Google. And almost 50% of the Indian users trust and tend to use Tez app even though it is available in only 7 languages whereas BHIM has an option of 12 languages.
• Connectivity and Server: Transactions on Google Tez app are faster as there are fewer server issues in it whereas user faces connectivity issue in BHIM most of the times. According to few youngsters who have an experience of using both the apps, transactions on BHIM are sometimes slow, and many a time the app won’t even be opened.
• The speed of transactions: Transactions on Tez are faster as compared to BHIM, and the transactions take place with a much high speed than BHIM.

Henceforth, according to data given by Credit Suisse, BHIM’s shares in terms of volumes fell from around 40% to 6%. In transaction value, it almost halved from 45% to 26%. The youth and the people are finding Tez app to be more beneficial than any other UPI app.