Green Dot Corp. (NYSE:GDOT), a financial technology and registered bank holding company, today announced plans to work with Google Pay to offer Plex Accounts to customers: a safe, simple and helpful new option for transacting and managing their money.
“We are excited to integrate Green Dot’s safe and seamless financial tools into the intuitive user experience of Google Pay,” said Dan Henry, CEO of Green Dot. “This is another great milestone in our mission to deliver products and functionality that have the greatest impact, and that put safe, simple, value-driven banking and payments in the hands of more people and businesses.”
As part of the collaboration, Green Dot customers will be able to open and manage digital bank accounts through Google Pay, as well as access spending insights and financial search features designed to help them stay on top of their finances and manage their money more effortlessly.
“People are increasingly looking for ways to simply and securely manage their money,” said Felix Lin, vice president of Payments Ecosystems at Google. “We're excited to expand our partnerships with new banks like Green Dot to introduce smarter bank accounts that will help their customers open their accounts, manage their finances and stay on top of their spending all from within Google Pay.”
The new product, which will be rolled out in 2021, will bring together Google Pay’s expertise in consumer tech and secure digital infrastructure and Green Dot Bank’s existing banking infrastructure and financial expertise. Accounts will be FDIC-insured.