Saturday, September 5th, 2020
Google has stepped into the world of mobile banking: the internet giant has partnered with 8 U.S.-based banks, including the Bank of Montreal’s division in the U.S., and BBVA U.S. This article is about Google Pay for mobile checking accounts, as well as an exceptional payment expert that can help you with merchant processing.
Mobile Checking Accounts: Google Pay
This digital wallet allows for sending and accepting funds. Moreover, it enables the user to make payments in apps, online and in-person by using your bank-related data kept in your mobile device.
You can find the bank accounts right in Google’s digital wallet. This enables the user to easily access his/her checking account. Google is responsible for the front-end management of the accounts, and the partners manage the infrastructure, FDIC insurance, and more.
BankMobile, BMO Harris, Coastal Community Bank, First Independence Bank, and SEFCU, as well as 2 older partners, Citi and SFCU, are among the partners. So, the app offers built-in tools for your finances, as well as unique insights that you can find only with Google’s digital bank accounts.
Google’s Mobile Banking & Other Payment Processing Services You Need
According to Javier Rodríguez Soler, BBVA’s president and CEO, the cooperation with companies like Google is about the future of banking. Consumers win when large companies in payments and tech work together for their benefit.
Are you, as a merchant, offering the right merchant processing services to your customers? This can be easier than you think if you work with a true payment expert like BestPaymentProviders.com that can best help you with Google Pay and any other payment processing services you need.
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For Google, this is another opportunity to obtain more user-related data. After all, the number of people switching towards digital payment processing solutions is growing with rapid advances.
So, the cooperation between Google and its partner banks opens up new doors for digital banking in Google’s app. These mobile checking accounts aim to meet the growing demand for digital payment processing.