At the moment, it is not known when ready-made cards will appear on the market, but the technology clearly has potential. After all, Google will be able to sell its services in this way, including advertising. And using transaction data, it will be possible to offer specific users the products they are interested in.
At the same time, the search giant itself confirmed to the source the facts of experiments with check accounts at least since November 2019. The company’s partners are Citi and Stanford Federal Credit Union, and in the future their list may expand. In this case, it was not previously said specifically about debit cards.
It is noted that Google plans to provide its infrastructure for financial organizations. The company itself will be responsible for interacting with users. The timing of the launch of a full version of the cards has not yet been reported.
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