Google Pay to launch mobile-first bank account

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Google Pay to launch mobile-first bank account

By Alexandra Leonards

20/11/2020

Google Pay has announced that next year it will launch Plex, a new mobile-first bank account which will be integrated into the app.

From 2021, 11 US banks and credit unions, including minority-owned depository banks, will start offering Plex accounts on Google Pay.

This comes as the payment service announces a redesigned app which centres around people and businesses.

The app will focus on the friends and businesses customers transact with most frequently, rather than displaying a stack of cards or long list of transactions.

The new design will enable users to see past transactions and find offers and loyalty info, organised around conversations.

This means if users want to split dinners, rent or other expenses with more than one person, they can generate a group on the app to split the bill and keep track of who’s paid in one place whilst displaying who owes what.

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