Google scraps its plan for Plex, its planned mobile banking service that syncs with Google Pay.
The plan was announced two years ago and was billed as a new way to bank, with an emphasis on simplicity and without monthly or overdraft fees. It was supposed to let Google Pay users sign up for enhanced checking accounts and debit cards at Citigroup and several other banks, co-branded with Google. Sources say it was cancelled after the departure of a Google Pay exec who championed the project. Link
