Google is scrapping plans to manage the bank accounts of users through its mobile payments app, the company said Friday.
Last year, the search giant …
Google is scrapping plans to manage the bank accounts of users through its mobile payments app, the company said Friday. Last year, the search giant announced an overhaul of its Google Pay service, which lets people pay for things using their phones. The changes extended the focus of the service to online banking and saw Google partner with a handful of banks and financial institutions, including Citi and the Stanford Federal Credit Union, to create a «mobile-first» bank account called Plex, with no monthly fees or overdraft charges. Google had promised a better user experience for mobile banking, relying on the company’s software chops and artificial intelligence to modernize the technology.
