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Google getting into Banking

15 Dec 2019 | Posted Under Google
Listen in to my radio segment on the Jim Blasingame Small Business Advocate radio discussing Google offering checking accounts here:

From Google:
"We're exploring how we can partner with banks and credit unions in the US to offer smart checking accounts through Google Pay..." per a company spokesperson.

Google will utilize the financial institutions and the banks will handle all the financial transactions and compliance.  

Google sees this as a natural progression of their other offerings and they want to make it easier for you to buy things.  However, Washington lawmakers could create a roadblock for them.

We also discussed Facebook Pay on the show - Facebook Pay was launched in the US in November, 2019.  They too want to make it very easy to spend your money while in their platform.

To Success!
Kathy Perry

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