Google could soon launch a Google Pay-based debit card
By Lokmat English Desk | Published: April 20, 2020 05:01 PM2020-04-20T17:01:54+5:302020-04-20T17:01:54+5:30
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Google could soon enter the smart payments card business to compete against the likes of Apple and Huawei.
The company is reportedly working on a physical payments card, tipped to launch as Google Card or Google Pay Card.
Unlike Apple Card, which is a credit card, Google Card would be a debit card that will be co-branded with different bank partners like Citi Bank.
Besides, Google Card will initially come with a Visa-powered chip, and could offer support for other payment processors like MasterCard.
Google also aims at using the Google Card as a foundation to its payments app, Google Pay, which would rival the Apple Card and Apple Pay
Currently, Google Pay only allows online and peer-to-peer transactions by linking the user’s payment card to the app.
A physical payments card could open doors to new revenue and data streams for Google.
Google Pay is very popular in India. Google company has some dedicated features for this as well. The company hopes to launch its physical card in India.
