Google’s vice president of Payments Ecosystems, Felix Lin, shared the company’s excitement to begin these partnerships to offer better tools to our “new generation.”

Unfortunately, we still have a bit of waiting to do, as these accounts and their exclusive Google Pay features don’t launch until sometime next year. As explained by BBVA, the financial side of these accounts will be managed by the partner banks, and “Google will provide the front-end, intuitive user experiences and financial insights.”Īccording to another partner bank BMO, the Google Pay app will offer built-in budgeting tools and “financial insights” exclusive to Google’s digital bank accounts. This morning, eight banks in the US, including BBVA and BMO, have announced that they are partnering with Google to offer digital-first bank accounts directly in the Google Pay app. Today, Google and their first bank partners are announcing the arrival of digital bank accounts in Google Pay.

Late last year, we heard our first inklings that Google was looking to get deeper into the financial world by partnering directly with banks.

Google pay account open