Google Pay wants to be your bank, too
Electronic payment apps and NFC shopping has been available on both major mobile platforms for a while now. Apple wasn't happy with just offering an app for payments but also introduced a credit card to replace the one you already have.
Google isn't far behind, and now wants to replace some of your bank's functions too. Improved Google Pay "helps you save money and gives you insights into your spending." In 2021, you'll be able to apply for a new digital bank account.
Spending is divided into three sets of conversation-like dialogs: people, groups, and businesses. It will make it easier to keep up with the IOUs, deal with splitting the bill, and paying for services. There's also support for coupons and promo codes.