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Google Cache – Google’s next step in the world of financial services

Google Cache – Google’s next step in the world of financial services

Following Facebook, which has recently announced the launch of Facebook Pay, a unified online payment system for Facebook, Instagram, Messenger and WhatsApp, which will be available so far only in the United States, the digital giant Google announced a new project.

The essence of the new Google project

The new brainchild of Google is called Google Cache and is intended to provide services related to bank accounts opening. In addition, future users will be able to evaluate the loyalty program from the search giant.

The main mission of the project is to provide more people the opportunity to make digital payments.

It is assumed that the partners of Google in this project will be the financial conglomerate Citigroup and a credit union at Stanford University, which will be engaged in bank accounts servicing.

Google Cache launch date

The exact start date for the provision of services is unknown yet, but it is planned to launch the project in the coming year.

How to use Google Cache

The procedure for opening and subsequent use of accounts shall conform to the partner banks’ rules, whose logos will be indicated on all relevant accounts. According to the idea of the project, access to accounts will be provided through Google Pay.

Google Cache Data Protection

Of course, a significant amount of information will be collected and used during the bank accounts opening and servicing. It should be noted that the corporation has officially announced that it will not use the customers’ personal data for purposes not related to the banking services, and will not transfer them to the third parties, including advertising agencies.

If you are interested in services related to the bank and merchant accounts opening, kindly contact Mayon Solutions. We will be happy to assist you with the account setup for your business with leading payment service providers.

And if you would like the following similar news to be about you, also contact us. We will help you create your own payment system and offer the comprehensive legal support for your business.

Our long-term experience in the field of registration of international companies, opening of bank and merchant accounts, licensing and tax planning will help to choose the optimal solution especially for you.

 

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