Tez is a digital payment platform developed by the National Payments Corporation of India (NPCI). Launched in 2017, it allows users to make instant money transfers using their smartphones. The app is built on the Unified Payments Interface (UPI), which enables seamless transactions between bank accounts. Users can link their bank accounts to Tez and send or receive money using their mobile numbers or QR codes. The platform also offers features like bill payments and recharges, making it a convenient tool for everyday financial transactions in India.