As per the report from the below TechCrunch – source link provided below – suggests, Google might be preparing to unveil their own physical payment card (debit card).
It’s been a year since Apple Card make it’s first live appearance and earlier this week Huawei also showcased their payments card. And if this reports are to be believed we might soon get to see one virtual card from giant search engine as well.
Currently, there are no words on what would it be known as – but for now, let’s call it Google Card. We all know that the Apple Card is basically a credit card made in collaboration with Mastercard and Goldman Sachs.
But unlike the Apple payment card, the Google Card will be a debit card. It will be co-branded with different bank partners, including Stanford Federal Credit Union and Citi.
It’s also come to hear that Google Card will come with a Visa-powered chip and is also expected to get the Mastercard support later on as well.
The owner of the Google physical payment card will be able to use it for purchases at retail stores and undoubtedly it will support the contactless payment as well.
A virtual version of the alleged Google Card will also be there for Bluetooth mobile payments, and you’ll get a virtual card number as well for online purchases.
And you’d be able to track all your transaction from a Google app, which supposedly be the Google Pay. For security purposes, the company will also provide option to lock the card if it’s get stolen.
Google hasn’t said anything regarding the physical payment card lately, but the company in a statement does confirm that it’s exploring ways to “partner with banks and credit unions in the US to offer smart checking accounts through Google Pay, helping their customers benefit from useful insights and budgeting tools, while keeping their money in an FDIC or NCUA-insured account”.