Google Is Scrapping Its Plan to Offer Bank Accounts to Users

Google is abandoning plans to pitch bank accounts to its users, marking a retreat from an effort to make the tech giant a bigger name in finance.

The

Alphabet Inc.


GOOG 1.66%

unit announced almost two years ago that users of its Google Pay digital wallet would be able to sign up for enhanced checking accounts and debit cards at a handful of financial institutions large and small, including

Citigroup Inc.



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