According to the latest report swirling in the tech media world, tech giant Google is walking on the footsteps of Apple as it said to be developing its smart debit card, as a part of its fintech roadmap for this year. The Google card will allow users to make/track purchases made online and offline through new Google’s app. The search engine giant is reportedly partnering with several banks including Stanford Federal Credit Union and CITI for its payment card service, as per the report from TechCrunch.
Furthermore, the card will feature Visa powered chips, although Google may tie-up other payment processors like Mastercard in the future. Notably, the Google card is designed to work as both physical cards (purchases at retail stores with contactless payments support) and virtual cards (online purchases).