Google Pay uses NFC contactless payment technology to enable purchases in millions of physical stores in the United States. America and 38 countries around the world. Wherever you see the Google Pay symbol, unlock your smartphone and place your mouse directly on your device. Then wait until you see a check mark indicating that the payment was registered.
Tech giants have partnered with Citibank and the Stanford Federal Credit Union to investigate what is known as a “smart checking account” attached to Google’s debit cards.
This will help clients to benefit from useful information and budgeting tools, Google said in a statement, but keeps their money in an account insured by the FDIC or NCUA.
Google isn’t going to put a timeline on this, but it’s expected later this year. Designed to link to the Google Pay smartphone application, this card shows customer spending trends. (And give Google even more information about us-how we shop, how often we spend, and where we could end up in personalized ads targeting us. there is.)
This move follows Apple’s successful launch of its own card, the Apple Card, in 2019. Apple’s twist is that it currently offers users discounts on Apple products when paying with a credit card.
Google Pay is a competitor of Apple’s smartphone-controlled Apple Pay program. This allows customers to use their smartphones to pay for products at retail stores and elsewhere. Google offers similar services, linking accounts to bank accounts and credit cards.
However, PayPal’s popular Venmo peer-to-peer payments only work with Google Pay if they are linked to a debit card. TechCrunch, who first reported the story, said the Google Card will significantly expand Google’s potential as an app use case and financial technology giant.
Google last November approved the Wall Street Journal’s plans to engage in checking accounts. If we can help more people do more digitally online, that’s good for the Internet and for us.