The new Google Pay app is an all-in-one mobile bank

Google Pay has launched a replacement version of its Android app, before the launch of its ‘Plex’ banking service in 2021. The replacement app, which is now sleep in the Google Play Store, has been completely rewritten in Flutter, Google’s DART-based development kit. We got our first check out the new design when India replaced the Google Tez app with a retooled Google Pay. it had been announced today after a series of teasers on Twitter, with a live stream.

We’ll start with the bad news because there’s not much of it. The remake of Google Pay can only be used on one device at a time. If you plan to log in on a second device, you’ll get a warning telling you that the account is in use on another device.

this is often not necessarily a nasty thing because the increased scope of the app warrants extra security. The second niggling change is that changing your NFC payment source has been put behind a button within the top right of the screen, so it’s not as fluid because it was before.

The new Google Pay app is an all-in-one mobile bank

The good news is that the changes are the results of a huge upscaling of Google Pay and its capabilities. The remake goes way beyond contactless payments. There’s now an choice to pay friends and relations , supported your contact list, look for local retailers who accept Google Pay, and in some cases, order a meal directly from the app.

you’ll view all of your receipts and orders, with the app now integrated with Google Photos, allowing it to tug in any paper receipts you’ve photographed. this is often on top of the prevailing order-pull-through from Gmail.
Google Pay also will be ready to store discount codes and automatically apply them. Target, Burger King, and Etsy are amongst the primary to hitch the scheme.

Some car parks will allow you to park and pay from the app, whilst participating gas stations will allow you to buy your fuel without visiting the cashier. it’s like this function also ties into Google Assistant, supported an APK teardown we analyzed earlier within the year.

The new Google Pay app is an all-in-one mobile bank

Meanwhile, if you’re at a restaurant, you’ll create a gaggle , split a bill or keep track of who owes for his or her share. The group feature is additionally ideal for roommates to stay their financial affairs in one place.

Another integration is with Plaid, a fintech service that acts as a middle-man, allowing you to interact together with your bank accounts, view balances, make payments, and so on, directly from within Google Pay.

When international rollout begins, functionality will vary from country to country, like within the UK where the Open Banking Standard means a partner app won’t be necessary.
All these new functions are a mere curtain-raiser to the star attraction, the company’s Plex checking account service, launching in 2021. At launch, Plex accounts are going to be offered by 9 partner banks. instead of banking with Google, which, as you’ll have noticed, isn’t a bank, you’ll have an account with the partner bank, offering deep integration with Google Pay.

The open-end credit will say Google, of course, and Google Pay will become your banking app, putting it in direct competition with other digital-first banks like Revolut, Curve, and N26.

Google Plex accounts are going to be liberal to open, without monthly fees, offer fee-free overdrafts, and free ATM withdrawals in-network. Two partner banks — Citi and Stanford depository financial institution — have opened their waitlist for the service. check in today and you’ll be sent a open-end credit when the service goes live.

The app experience includes regular spending reports, the power to categorize spending types, and search by retailer, category, or date.

The new Google Pay app is an all-in-one mobile bank

Any one of those features would are a big update for Google Pay. As it is, this is often an entire reinvention of the service and an enormous breakthrough for digital banking.

To celebrate, the new app features a new logo, keep with Google’s recent sort of four-color monstrosities. This one seems like chamois , though apparently, it’s a wallet.
The new Google Pay app is now available within the Play Store for U.S. users only. International rollout will come later. within the meantime, the version of Google Pay in your app store is that the right one for you. In the US, the old version remains available as Google Pay (old) but will nag you to modify to the new one.

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