Google pulls plug on plan for mobile banking in Pay app | Malay Mail

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SAN FRANCISCO, Oct 2 ― Google has hit the brakes on a project to add mobile banking to its Pay app, even as the online financial services market for everyday investors heats up. The company has ended work on its Plex project, but continues to eye ways to integrate financial services, a...

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SAN FRANCISCO, Oct 2 ― Google has hit the brakes on a project to add mobile banking to its Pay app, even as the online financial services market for everyday investors heats up.

Google development of the project came as a number of internet firms, from Amazon and PayPal to Square and Robinhood, have been riding a trend of providing financial tools for shopping, borrowing or investing online. “We strongly believe that this is the best way for Google to help consumers gain better access to financial services.”

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