Google pulls plug on plans for Google Pay-based banking service

Tech giant Google has stopped working on its Plex feature, which aimed to let users do their banking through the Google Pay app.

As per The Verge, the banking service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app.  Google has reportedly cancelled the project due to a series of missed deadlines and because an executive who pushed for the project left the company. Plex wasn't meant to put Google in direct competition with banks.

While there are still other options for people who want online banks with decent apps, it's unfortunate to see that Google's cancelled this project.