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Google has hired former PayPal executive Arnold Goldberg to run its payments division and set a new course for the business after it scrapped a push into banking.
The puzzling part of Alphabet’s expansion of Google Pay is why Citigroup is a willing participant in Silicon Valley’s invasion of Wall Street’s turf.
~ Today's Water Cooler ~
Google has shelved its planned Plex bank accounts, which it would have made available to Google Pay digital wallet users.
On November 13, Google announced that it will offer personal checking accounts in 2020 through its Google Pay app; the project is code-named Cache.