NBC NEWS — Google is getting into mobile banking. The company is teaming up with eight U.S. based banks, including Citi and BBVA.
According to “The Verge” customers will be able to access checking and savings accounts digitally through Google Pay. Partner banks will handle the infrastructure, FDIC Insurance, and other back-end technology.
It’s unclear whether customers will have access to a physical debit card issued by Google or the banks, but the service is scheduled to go live sometime next year.
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