Google Plans to Offer Checking Accounts Next Year
Google Plans to Offer Checking Accounts Next Year.
The Wall Street Journal reports that the checking account will be released through Google’s ‘Cache’ project.
‘Cache’ will be offered through the Google Pay app in partnership with Citigroup and a small Stanford University credit union.
The company has been upfront about its role in the accounts, with its partnering banks taking the lead with the financial backend.
Google has also claimed that it will not be selling checking account data to advertisers.
The plan follows competing tech giant Apple’s foray into the financial sector with the Apple Card and Facebook’s cryptocurrency, Libra