Google To Offer Current Accounts In Partnership With Citi
Author Avatar


Google To Offer Current Accounts In Partnership With Citi

Google is planning to offer current accounts to its customers through the Google Pay app. The tech juggernaut has partnered with Citigroup and a California credit union in an effort to break into the banking and financial space.

The current accounts (or checking accounts as they are known in the US) will enable users to receive salaries and transact solely within the Google ecosystem. The project is codenamed Cache and is expected to be released some time next year.

“We’re exploring how we can partner with banks and credit unions in the US to offer smart checking accounts through Google Play, helping their customers benefit from useful insights and budgeting tools,” said Google. It is uncertain whether Google and its partners have plans to launch this offering in other countries outside of the US.

The move by Google follows the ongoing trend of tech companies offering financial services to their customers. Just recently, Facebook rolled out its own in-app payments system, Facebook Pay, whereas Apple partnered up with Goldman Sachs to introduce its own credit card earlier in March.

(Source: Bloomberg)


0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Banking Articles
Post Image
Best Fixed Deposit Accounts In Malaysia – September 2021
The RinggitPlus Team
- 1st September 2021
We provide monthly updates on the best fixed deposit rates in Malaysia with tables showing the top 5 rates for the duration of 1, 3, 6, 9, and 12 months.
Post Image
Best High Interest Savings Accounts In Malaysia (July 2021)
Pang Tun Yau
- 28th July 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong Pui Yin
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
Free Digital Tools to Help Market Your SME Business
Ahmad Mudhakkir
- 2nd July 2018
If you want to make sure other people know about your business, here are the free digital tools that can help you do it!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image