Google Has Shelved Its Planned Plex Checking Accounts
Google has shelved its planned Plex bank accounts, which it would have made available to Google Pay digital wallet users.
Source: businessinsider.com
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Google shelves plan for bank accounts
Alphabet Inc’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. “Our work with our partners has made it extremely clear that there’s consumer demand for simple, seamless and secure digital payments for online
Source: taipeitimes.com
Google's Pivot Away From Bank Accounts Shows Why Finance Is a Tough Industry for Tech Giants
Bank executives and investors have shuddered whenever a tech giant disclosed plans to break into finance, but the reality has proven less disruptive so far.
Source: nbcphiladelphia.com
Google shelves plans for bank accounts in revamped Pay app
Alphabet Inc’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.
Source: thestar.com.my
Google's Pivot Away From Bank Accounts Shows Why Finance Is a Tough Industry for Tech Giants
Bank executives and investors have shuddered whenever a tech giant disclosed plans to break into finance, but the reality has proven less disruptive so far.
Source: nbcmiami.com