Back in October, Google Pay canceled its plans for “Plex” bank accounts with an accompanying card. In an interview today, Google shared that Pay will now focus on becoming a “comprehensive digital wallet.”

Bloomberg says that Google now wants to “become the connective tissue for the entire consumer finance industry.” This will involve various partnerships, including with Coinbase and BitPay to “store crypto assets in digital cards.” You can already add a Coinbase card to Google Pay.

The company did not announce any plans to accept crypto for transactions that use Google Pay (often found on websites and mobile apps), but does leave that on the table in the future:

“Crypto is something we pay a lot of attention to,” he said. “As user demand and merchant demand evolves, we’ll evolve with it.” 

Bill Ready, the company’s president of commerce, acknowledged the failure of the company’s previous “Plex” vision and that Google has “no intention of being a bank.”

Meanwhile, digital tickets, airline passes, and vaccine passports were cited as examples of something that the “comprehensive” Google Pay will offer. Of course, all those things already appear in the app today, but hopefully they will be easier to access. Additionally, as a reminder, “Google Wallet” was what preceded “Google Pay.”

Elsewhere, Google Search and Shopping will get additional (unspecified) payment features, while loyalty cards and personal discounts will be surfaced in search results.

More on Google Pay:

FTC: We use income earning auto affiliate links. More.


Check out 9to5Google on YouTube for more news:

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Abner Li

Editor-in-chief. Interested in the minutiae of Google and Alphabet. Tips/talk: abner@9to5g.com