Google Pay: You could receive a reward of up to Rs 1,00,000 on transacting, here's how

Google Pay, which was known as Google Tez till recently, is the internet giant's payments interface, and uses UPI for funds transfers in India.

Google is stepping up its presence in the digital payments space in India, and has recently rebranded its Google Tez app to Google Pay, although for the time being it’s still listed on the Google Play Store as Tez. The app allows users to link a bank account and make digital payments over UPI (Unified Payments Interface), the system devised by the National Payments Corporation of India to promote digital payments and cashless transactions.

Google is now promoting the use of Google Pay with a very attractive rewards scheme that promises a reward of up to Rs 1,00,000 to a few lucky users who use Google Pay to send money. However there are some conditions attached, which we’ve listed below. Here’s how you can win a reward of up to Rs 1,00,000 when using Google Pay.

A minimum of five transactions

IN order to be eligible for the reward, users have to make a minimum of five transactions using Google Pay up till 9AM on September 18. Only certain types of transactions are eligible for the offer: P2P and cash mode transactions to other Google Pay users, payments to other bank accounts, payments to merchants using cash mode, payments to merchant bank accounts and payments using a Google Tez UPI ID.

Rewards can be anywhere from Rs 5 to Rs 1,00,000

According to the Google Pay offer, there are a total of 50 million rewards on offer, so it’s likely that anyone who meets the reward offer criteria will win some kind of reward. However, the reward denominations vary from anywhere between Rs 5 to Rs 1,00,000, so only a lucky few users (if at all) will even win the full amount. Nonetheless, any cash back reward is appreciable, particularly if you’re using the app to make payments anyway.

Apart from its overhaul and rewards scheme, Google Pay will also be offering users instant loans, having tied up with banks to facilitate these loans. This will give users quick and easy access to loans directly through the app itself.

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