Google abandons plans to offer Plex bank accounts to users

Google Pay

Omar Marques | LightRocket | Getty Images

Google is scrapping its plans to offer banking services directly to users.

The shift comes nearly two years after the company first announced its banking plans and several months after a key executive leading the project departed.

In 2020, Google said it would let users open a bank account through its Google Pay app, in a partnership with Citigroup and Stanford Federal Credit Union beginning in 2021. At the time, Google said it would offer a…


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