Google Pay to Launch Digital Bank
The eight banks in the US have confirmed that they are partnering with Google to offer digital-first bank accounts directly in the Google Pay app. Google will provide the front-end, intuitive user experiences, and financial insights while the financial side of these accounts will be managed by the partner banks. Built-in budgeting tools and “financial insights” exclusive to Google’s digital bank accounts will be offered by the Google Pay app. Google’s vice president of Payments Ecosystems, Felix Lin, shared the company’s excitement: Google also said: BBVA is working with Google to launch the digital bank accounts in the US through Google Pay sometime in 2021. Interface, including “financial insights, of the app will be handled by Google and the BBVA will provide the infrastructure Recommended Reading: Google Chat Adds Dark Theme
