Sunday, December 22

Google developing its own Smart Debit Card

US-based online Search giant Google is working on to develop its own smart debit card which can work physical and virtual both.

According to Techcrunch, Google is currently developing its own virtual debit and credit cards which will be associated with Gpay accounts of users.

Users can purchase things with a card, mobile phone or online.

The card will attach with Google payment service which known as Google pay has 67 million users across the globe.

The card will connect to a Google pay app that will allow users to monitor purchases, check account balance or lock their account.

To make the card payment work, Google partners with several banks which include CITI and Stanford Federal Credit Union.

After launch, Google Pay will directly compete with Apple’s own virtual payment solutions Apple Pay and the Apple Card in digital payment space.

The report said Google and the banks will share more details about the project in the future.