Google is testing a discount card similar to the Apple card
The project is supposed to be a new core part of the current Google Pay – Google Pay – which currently only pays online, peer-to-peer payments by adding a physical debit card that can be used for a variety of purchases. The expanded presence of the debit card will allow Google to be more helpful in tracking payments and purchases, in addition to providing the company with a valuable insight into consumer spending.
Unlike the Apple Card, which has a full credit card, it is said that the Google project is a debit card only with partners like Citi and Stanford Federal Credit Union, even though the card itself is a Visa card, with Google may expand to other payment processors, such as Mastercard.
But similar to (Apple Card), the Google debit card is designed to act as a physical card, and a digital card to pay on the phone, and will provide a separate virtual card number for use with online retailers.
According to the TechCrunch report, Google is testing its branded smart debit card and will help customers make and track online and store purchases.
The Google app will reportedly allow customers to easily track purchases, including making use of tools such as Google Maps and the huge retailer database to call or navigate a store a user previously visited. Customers will also be able to use the (Google Play) application to lock their card in case of theft, loss, or lock the entire account.
It is noteworthy that the (TechCrunch) report did not refer to the time when Google plans to launch the debit card, or if the test will reach users. However, Google said in a statement to the site: “We are exploring how we can partner with banks and credit unions in the United States to provide smart auditing accounts through (Google Pay), and help their clients benefit from useful ideas and budgeting tools, while maintaining money in the FDIC account Or NCUA locked. Our main partners today are Citi and Stanford Federal Credit Union, and we look forward to sharing more details in the coming months. ”