Google will not offer bank accounts through Google Pay after all

Sylvie Claire / October 2, 2021

Google is abandoning its plans to open bank accounts directly from the Google Pay payment application. The American company believes, after reflection, that it would be better to focus on providing digital support to banks and other financial service providers, rather than offering these services itself.
 
The special Plex accounts were initially to be offered in North America. Google wanted to do this with partners like Citigroup and Bank of Montreal.
 
Google Pay has been around since 2015. The mobile payment system, initially called Android Pay, now has about 150 million users in about 30 countries. 
 
The decision not to move forward with Plex is mostly a setback for Citigroup, which had touted the collaboration with Google as proof of its ability to forge digital partnerships with large technology companies. The bank wanted to use the technology it created for the partnership with Google in agreements with other companies. On Friday, the bank said it respects Google's choice and looks forward to finding other opportunities to work together
      HTML Image as link                              

Related Posts

The Commission advances on the universal charger for smartphones and small portable electro
The Commission advances on the universal charger for smartphones and small portable electro
Sylvie Claire / September 23, 2021 The European Commission unveiled Thursday its legislative proposal to impose a un...
Read More
Apple unveils its new iPhones, including one at 1839 euros: all the info and photos of iPhone 13!
Apple unveils its new iPhones, including one at 1839 euros: all the info and photos of iPhone 13!
Sylvie Claire / September 14, 2021  As expected, the iPhone 13 has a better screen, bigger battery, faster processor...
Read More
The first emoticons at auction in the United States
The first emoticons at auction in the United States
Sylvie Claire / September 12, 2021 The first emoticons, the famous smiley and its counterpart frowny, are placed on...
Read More