Green Dot Corp. (NYSE: GDOT), a fintech and registered bank holding company, announced on Thursday it is joining forces with Google Pay to offer Plex Accounts to customers. Green Dot describes Plex Account as a “safe, simple, and helpful” new option for transacting and managing money.
“Green Dot customers will be able to open and manage digital bank accounts through Google Pay, as well as access spending insights and financial search features designed to help them stay on top of their finances and manage their money more effortlessly.”
Speaking about the product, Dan Henry, CEO of Green Dot, stated:
“This is another great milestone in our mission to deliver products and functionality that have the greatest impact, and that put safe, simple, value-driven banking and payments in the hands of more people and businesses.”
Felix Lin, vice president of Payments Ecosystems at Google, added:
“We’re excited to expand our partnerships with new banks like Green Dot to introduce smarter bank accounts that will help their customers open their accounts, manage their finances and stay on top of their spending all from within Google Pay.”
The product is expected to roll out in 2021.