The accounts were to be integrated into its payment platform, Google Pay. The tech company had teamed up with 11 banks for the project, allowing users to choose which bank they wanted to open an account with. This launch is also a move forward from the scraped Plex project, which was another example of Google's strategy to partner with the existing finance ecosystem.

The Big Tech doesn’t want to go it alone – it wants to be the connective tissue between banks and their customers. In my conversation with Goldberg, there was a strong emphasis on Google’s partnership approach. He’s focusing on building world-class consumer experiences across these properties, and creating infrastructure for third parties and integrators. Goldberg wants to reimagine how people pay online and in-store, and also what they carry in their wallets. Tearsheet spoke with the Big Tech’s head of payments, Arnold Goldberg, about what this means for the company. Google is making a comeback in the payments space, developing its infrastructure to include its first Google Wallet and virtual cards.

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