13.5 C

web Radio


13.5 C
11.9 C

Google Bank: Becomes bank!! Take the plunge!!

Entering the retail banking allegedly prepared by Google, according to reports. The company plans to offer the 2020 current accounts, when most companies of the technological industry focused on providing credit card and payment platforms……

To achieve its objective, giant will work with Citigroup and Stanford Federal Credit Union, according to a report in the Wall Street Journal.

Google's initiative, codenamed Cache, makes the company the last of the giants of Silicon Valley tries to claim a share of the banking market.

Preceded Apple and Facebook, but which have encountered problems due to the growing consumer skepticism to provide technology companies access to their personal data.

THE Caesar Sengupta, Google's executive, referring to the projects of technological giant, He stressed the WSJ that Google's goal is to facilitate customers:

"If we could help more people to do more things digitally, it will be good for the Internet and for us ".

The Democratic Senator Mark Warner, commented on the news saying that:

"It worried, as, the technological giants enter into new fields of activity, even before the adoption of certain regulatory rules of operation ".

The new banking effort Google, codenamed «Cache», is the latest effort of the company 900 billion. dollars to "break" the industry of personal finances.

First introduced the Google Wallet 2011, as a way for users to send money to each other.

But did not gain real response to market, until the introduction of Google Pay, which -as chief competitor Apple Pay- allows use of smartphones for shopping online and offline.

The Google Pay has tens of millions of users around the world and is particularly popular in India.

For years, banks worried about competition from small businesses fintech.

however proves that big companies like Google and Amazon, already armed with relationships with hundreds of millions of consumers, may prove to be the biggest threat to banks.

Follow Us

Weather in Mykonos

scattered clouds
13.5 ° C
14 °
12.8 °
58 %
40 %
14 °
17 °
17 °
16 °
18 °

10 decorating tips for the Christmas tree!!

As entertaining can be the process of trimming the Christmas tree, Another so easily can result in big mess and headache ago ......., Well, start ...

Mobile operators adjust their tariffs – Design for direct and indirect reductions

Reductions in the monthly bills are expected to see mobile subscribers,.... σύμφωνα με το «Έθνος της Κυριακής» Οι νέες έμμεσες και άμεσες μειώσεις στις τιμές...

What to Read Next...

Related stories You May Like

Shock on Facebook and Twitter: Applications "steal" personal information from ...

, Google Bank: Γίνεται και τράπεζα!! Κάνει το μεγάλο βήμα!!
If you use the Twitter or your Facebook account to log in another application on the mobile, it is possible some of your personal ...

Turkish Foreign Ministry sources : Ελληνικά νησιά και δυτικό μέτωπο Κύπρου δεν...

, Google Bank: Γίνεται και τράπεζα!! Κάνει το μεγάλο βήμα!!
In the Greek islands and on the western front of Cyprus must be given shelf / EEZ waters only supports source of the Turkish Foreign Ministry, saying ...

In Case You Missed It

the commission firm: Insists on increasing the excise tax on moonshine and ...

, Google Bank: Γίνεται και τράπεζα!! Κάνει το μεγάλο βήμα!!
Firm to impose a single rate of excise duty to ouzo, and raki, similar to that which applies to alcoholic beverages,...

All changes to arbitrarily because of the Electronic Identity – What...

, Google Bank: Γίνεται και τράπεζα!! Κάνει το μεγάλο βήμα!!
arbitrarily: Τι αλλαγές φέρνει η ηλεκτρονική ταυτότητα – Όλα όσα πρέπει να ξέρετε Τι θα ισχύει έως τις 30 June 2020 and what ...

More from Mykonos Ticker

error: Content is protected !!