Google plea payment

Plex – Google to integrate bank accounts in payments app

Google to integrate bank accounts in payments app: The internet giant said Wednesday it would be partnering with commercial banks and credit unions starting next year to allow users to manage mobile – based accounts through the Google Pay platform, in the latest move by tech giants into consumer finance. See more details below.
“ People do almost everything on their phones today, but for many, the way they save , pay and engage with their bank has remained unchanged ,” said Caesar Sengupta , vice president of Google Payments.
“ That’ s why we ’ re working with trusted financial institutions to create Plex, a new mobile -first bank account integrated into Google Pay. ”
The Plex Accounts for US consumers will be offered with no monthly fees , overdraft charges or minimum balance requirements, according to Google, which said 11 banks and credit unions were participating .
Google at the same time said it was updating its Google Pay app to help users better organize payments to people and businesses .
“ Instead of showing a stack of cards or a long list of transactions, the new Google Pay app focuses on the friends and businesses you transact with most frequently ,” Sengupta said .
The initiative comes with tech giants moving deeper into personal finance with person- to – person payments and co -branded credit cards.

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Apple recently launched its own branded credit card with Goldman Sachs which integrates into its Apple Pay application . Amazon , which has its own branded credit card, has discussed offering its own checking accounts but has not followed through with the plan

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