Alphabet’s Google (GOOGL) – Get Report said it expanded its Google Pay app to enable users to open back accounts, pay friends and manage budgets.
The updated application debuted Wednesday.
Alphabet partnered with Citi (C) – Get Report and Stanford Federal Credit Union to launch the mobile bank accounts with plans to add 11 new partner institutions in 2021.
“Along with our bank partners, we were looking to make banking more relevant for the mobile-first generation,” Caesar Sengupta, general manager of payments at Google, told CNBC Wednesday.
