Google kills plans to offer bank accounts through Google Pay

By news@appleinsider.com (AppleInsider Staff) Google has decided not to move forward with plans to offer mobile-first bank accounts to Google Pay users, an initiative that would have helped solidify the tech giant’s position as a serious finance market player.Dubbed Plex, nee Cache, the system was designed to present Google Pay digital wallet users access to augmented checking and savings accounts from a number of major financial institutions including Citigroup. Accounts were expected to arrive without monthly fees, overdraft charges or minimum balance requirements.First unveiled in 2019 as a response to technologies like …

Source:: Apple Insider