Credit: Eric Zeman / Android Authority
- Google has confirmed previously announced plans to launch a Google Pay bank account have been canceled.
- Google first announced plans for bank accounts known as “Plex” in August 2020.
- The report claims that Google Pay’s new leader didn’t want established banks to think it was competing with them.
If you had your heart set on having Google be in complete charge of your money, prepare for some disappointing news. The Wall Street Journal has confirmed that Google Pay’s plans to launch a digital-only bank account called “Plex” have been canceled.
