Insider information indicates that Google is close to releasing its own payment card. A key feature of the new items in the prefix “smart”, it will be not simply similar to a Bank card, and multifunctional tool.
Some analysts saw the news direct desire Google to compete with similar Apple Card, and in the near future. Pandemic showed that users and their activities increasingly move online, and therefore the presence of such a financial instrument is beneficial for the company, which specializiruetsya on the processing of information. And, Yes, fears are being expressed that with the help of such maps Google get more control over the personal data of its users.
Information about the new maps mention several options. For example, virtual and physical card will have two copies that work perfectly fine without each other. You can pay one on the Internet, and the second in real stores, and if something happens, it will be easy to block, while the other remains fully operational. Cards can be freely deposited or withdrawn money from them by any convenient means.
Source — TechCrunch