. “If we can help more people do more stuff in a digital way online, it’s good for the internet and good for us,” he said.from technology upstarts, especially those geared toward millennials and mobile-first consumers. These include money transfer services like Venmo, which is rolling out its own debit card.
To carve out its own space in payment services, Google Pay will have to compete with the likes of similar apps from Apple, Samsung and Facebook—who earlier this week released aAccording to a recent survey by consulting firm McKinsey & Co. cited in the Wall Street Journal report, 58% of consumers would trust financial products from Google—that scored better than Facebook and Apple , but worse than Amazon .
Google will offer online financial services, in collaboration with Citibank and a federal credit union. Facebook wants to float a weighted digitalized reserve currency, as an alternative to the dollar. Apple is issuing a credit card that is presumably underwritten by a big bank.
Nope, not happening.
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