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.
Latest News
-
Santander to acquire TSB for £2.65bn in strategic UK expansion
-
Bitget Wallet and Mastercard to launch zero-fee crypto card
-
British Business Bank launches initiative for female investors
-
Lloyds Bank explores use of neurosymbolic AI across group
-
BBVA pushes ahead with Sabadell takeover despite government merger restrictions
-
Yonder rolls out debit cards
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories