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Google shelves plan for bank accounts

Alphabet Incโ€™s Google is shelving plans to add bank accounts to its payment app, becoming the latest tech giant to dial back its ambitions for financial services. For years, Google has said it is working on adding bank accounts from partners such as Citigroup Inc and Bank of Montreal to its revamped app. The idea was that Google Pay users would be able to use the app to apply for so-called Plex checking and savings accounts from 11 banks. โ€œOur work with our partners has made it extremely cle...
Caesar Sengupta Facebook Inc Paypal Holdings Inc Alphabet Inc Google Citigroup Inc Google Pay

Google Shelves Plans for Bank Accounts in Revamped Pay App

(Bloomberg) -- Alphabet Inc.โ€™s Google is shelving plans to add bank accounts to its payment app, becoming the latest tech giant to dial back its ambitions for financial services.ย  For years, Google has said itโ€™s working on adding bank accounts from partners such as Citigroup Inc.
Caesar Sengupta Facebook Inc Paypal Holdings Inc Citigroup Inc Bloomberg Alphabet Inc Google Pay

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