Google might be working on a new service that could compete with Apple, this is Google Pay Card, a virtual and physical credit card with powerful security features.
TechCrunch revealed important information that could strengthen Google as the most powerful technological giant of the time by entering the financial market with a credit card service called Google Pay Card.
TechCrunch received images showing that Google is developing its own physical and virtual debit cards. The Google Card and its associated current account will allow users to buy things with a card, mobile phone or simply online at any time.
The source notes that the new physical and virtual Google Card, like the Apple Card, would be connected through a payment gateway similar to Google Pay and would enable online payments for any product or service.
As can be seen from the filtered images, which appear to have been validated as original by Google, the cards will have a robust security system that provides temporary numbers for the cards.
The linked app will also enable the blocking or suspension of the physical Google Card and other features that help monitor the data, a mechanism similar to Apple Play.
Google commented on this to the media:
“We are currently looking at how we can work with banks and credit unions in the United States to offer smart current accounts through Google Pay so that customers can benefit from useful information and budgeting tools while keeping their money in an FDIC or NCUA insurance account. Our primary partners today are Citi and the Stanford Federal Credit Union, and we look forward to announcing more details in the coming months.”
Although the company has not confirmed the rumor, it would not be unreasonable for Google to develop this new Google Pay Card, as the platform is known to already have a payment system like Gogle Pay. In this way, the company could compete with Apple Card, a virtual and physical card from Apple, with which any type of operation can be carried out securely.