The no-orders section of Google Pay eliminates its biggest advantage in the future.
Google's great app for setting up Google bank accounts is gone. As part of its major relaunch last year, Google Pay promised to launch Plex, Google's digital banking service. After a disastrous year for Google Pay, which included a cabinet reshuffle and staff leaving the department, a report from The Wall Street Journal says Google's bank account plans are dead.
Plex has been around for nearly two years and has been heavily advertised on the Google Pay website and app, users can sign up with a waiting list. The service was the first "mobile" banking app with physical cards, lower cost, and high cost visualization. I want to say something like "I can't imagine anyone wanting a Google bank account" due to privacy concerns and the instability of new Google products, but the Wall Street Journal reported that 400,000 people were on the waiting list.
Google has partnered with Citigroup, Stanford Federal Credit Union, and several other banks on the service, which apparently have no plans to cancel Plex. The Wall Street Journal report ended with a rather sad paragraph:
Several banks later this week thought the project would continue. On Monday, BM Technologies Inc. He announced that his Plex accounts would be imported in late 2021 or 2022. "Google and BMTX are excited about this opportunity and committed to this partnership," the banking platform said in an email at the time. p>
We learned about it earlier in the year. that “dozens of employees and CEOs” have left the Google Payments team in recent months, including “at least seven of the team leaders serving as CEO or Vice President.”Advertising
Read more New Google Payment repeats all Google Allo errors It has been closed since Google Wallet existed, the company replaced with a new code base originally developed in India Take the form and use your phone number as your identity SIM for identity means Google Pay site functionality must be closed, multiple accounts no longer backed up and the user Ron has to recreate his contact list to send money.
This all happened in March with the forced shutdown of the old Google Pay app in the US, and what's incredible about this is that the VP of Payment Services at Google, Cesar Sangupta, launched the company in April, just a month later. Sengupta blew up Google's payment system and left before the transfer was completed - left without complying with the new Google Pay standards. Today, modified Google Pay is still worse than the old app, and Google Pay is still International distributor NS. Some countries remain in the new Google Pay app. Some remain in the old Google Pay app.
It is reported that Sengupta caused the departure of immigrants, among whom were "dozens" of employees. The BI report includes a quote from an anonymous former employee who claims that Google Pay "hasn't grown as fast as we wanted" and that people are disappointed. "The Plex was the son of [Felix [Lin] and Kaiser [Sangupta] [Vice President]," one employee told Business Insider, "the other two CEOs are no longer at Google, and with Plex's biggest speakers gone, it's no wonder the project is dead." .
Google Pay is in poor shape right now and it's not clear what the future holds for this service. Plex was supposed to be the main feature of the new Google Pay. But with the architects completely dead for this rebuild on Google, this is like a mess you have no control over.
Any references to Plex were removed from Google Pay on Friday. Google published the following statement.
Our partnership with our partners has made it clear that consumers are required to make simple, seamless and secure digital payments for online and in-store transactions. We are updating our approach to focus primarily on providing digital services to banks and other financial service providers rather than acting as a service provider.
We believe that this is the best way Google can help consumers gain better access to financial services and help the financial services ecosystem connect more deeply with its customers in a digital environment.
The disastrous year for Google Pay continues, the Promised Bank Account feature has been discontinued
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