The Google Pay app will eventually offer Plex, mobile checking and savings accounts being introduced by Google in partnership with 11 banks and credit unions. Many of these apps also include some of the same features as Google Pay. Venmo provides users a social-media like feed of their friends’ payments, for example, complete with emoji and stickers, and offers a cash-back reward system. The coronavirus pandemic has accelerated the use of digital wallets on mobile devices and other forms of contactless payments. Google Pay has about seven types of these “stories," which are personalized according to a user’s spending, said a Google spokesperson.

Source: Mint February 24, 2021 10:55 UTC