Silicon Valley's tech titans are moving deeper into finance with sources saying Google will be the latest to offer checking accounts
The Wall Street Journal reported earlier on Google’s plan and quoted Caesar Sengupta, general manager and vice president of payments at Google, as describing an approach of partnering deeply with banks.Leaning on the regulatory and financial know-how of banks could allow Google to proceed without engaging much with bank regulators.
Though still behind Indian rivals, the Google Pay app’s popularity in India has overshadowed its usage in the United States and other countries, where it can be used for cashless payments in stores and money transfers. FILE PHOTO: The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo
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