Google Pay updated to become an all-in-one-bank ahead of Plex launch
Category: #tech  By Mateen Dalal  Date: 2020-11-20
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Google Pay updated to become an all-in-one-bank ahead of Plex launch

Google’s digital wallet and online payment system Google Pay has reportedly been updated with a bunch of new features, UI, and a logo. Sources with relevant information claimed that these changes are a result of huge upscaling of Google Pay as well as its capabilities since the recent past.

The remodeled Google Pay has been completely rewritten using the company’s open-source UI development kit, Flutter. The new version will not only offer contactless payments, but will also allow users to directly pay friends and family members by accessing their contact list. Moreover, users can also search for retailers who use Google Pay as well as order meals straight through the app, sources claimed.

Reportedly, Google’s revamped digital wallet can now store discount codes and subsequently apply them while making purchases through the app. Users will be able to pay essential payments without visiting the cashier. Also, if market speculation are right then this function might be integrated into Google Assistant.

Speaking of which, sources confirmed that Google Pay will be integrated with a fintech service Plaid, which will act as a middle-man whenever the user wants to access bank accounts, makes payments, and view balances using the app.

However, it is worth mentioning that the new Google Pay can only be accessed through one device at a time and the user will be notified when log-in attempts are made using a secondary device. In this context, experts claimed that this will add extra security to Google Pay’s new reach in financial transactions.

The new updates to Google Pay come ahead of the company’s launch of Plex bank account service in 2021. Google is reportedly planning to provide users with bank accounts as well as debit cards in the upcoming years. In fact, this move will allow the company to take on other digital banking platforms such as N26, Curve, and Revolut.

In other news, Google has reportedly removed various unauthorized digital lending applications from its Playstore.

Source Credits –

https://thenextweb.com/plugged/2020/11/19/google-pay-gets-a-complete-makeover-to-try-to-handle-all-your-finances/

 

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About Author

Mateen Dalal    

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

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