Quote from Ndubuisi Ekekwe on October 7, 2021, 1:52 PM

This is one of the best decisions Google has made: avoid more regulatory scrutiny by moving into financial services in the US.

Google is pulling back on plans to offer banking services directly to users, sending its Plex accounts to the graveyard. The idea was to allow customers to open bank accounts on the Google Pay app as part of a partnership between the tech giant and financial institutions. Plex accounts were set to debut last year, but the program suffered a series of setbacks, including the departure of the executive who spearheaded it.