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Google could soon launch a Google Pay-based debit card

By Lokmat English Desk | Updated: April 20, 2020 17:01 IST

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Google could soon enter the smart payments card business to compete against the likes of Apple and Huawei.
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The company is reportedly working on a physical payments card, tipped to launch as Google Card or Google Pay Card.
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Unlike Apple Card, which is a credit card, Google Card would be a debit card that will be co-branded with different bank partners like Citi Bank.
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Besides, Google Card will initially come with a Visa-powered chip, and could offer support for other payment processors like MasterCard.
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Google also aims at using the Google Card as a foundation to its payments app, Google Pay, which would rival the Apple Card and Apple Pay
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Currently, Google Pay only allows online and peer-to-peer transactions by linking the user’s payment card to the app.
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A physical payments card could open doors to new revenue and data streams for Google.
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Google Pay is very popular in India. Google company has some dedicated features for this as well. The company hopes to launch its physical card in India.
Tags: googleGoogle India
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