Google announced the mobile payment service Google Pay’s June closure some time back. The platform will be replaced entirely by Google Wallet, which promises to make digital payments seamless for Android users. However, before the transition, the tech giant is trying to get the maximum number of banks on board.
The surge of new banks joining Google Wallet is reassuring for all Android users that they have the right app for their banking needs. More than 5,000 banks partnered with Google Wallet, and more will likely join the fray. The IT giant is also implementing new features to Google Wallet before it becomes the primary digital banking and wallet app of Google, including the app automatically adding movie tickets and passes.
Google Wallet continues its growth in the United States
Google is taking the transition from Google Pay to Google Wallet very seriously since there is very little time left until Google Pay’s closure. This fast track of the process is evident with the 44 new banks that joined Google Wallet in December 2023 and 42 in January and February 2024.
This steady increase in the number of banks has been continuous. In the last two months of 2024, 86 banks signed the deal to link their cards digitally. Naturally, the number will likely continue to increase.
Google Wallet adds 30 new banks
As first uncovered by Android Police, the expansion of new banks has continued. However, there’s a slight decrease in the number of banks that joined in March compared to past months. As evidenced by a Google support page, we’ve mentioned every bank that signed a deal to partner with Google Wallet in March below.
The first 15 are AtoB, Bank of Odessa (MO), Beach Cities Commercial Bank (CA), BFG Federal Credit Union (OH), Chillicothe State Bank (MO), Citizens Bank of Eldon (MO), Coastlife Credit Union (TX), Community Bank of Oelwein (IA), CorePlus Federal Credit Union (CT), First Farmers & Merchants Bank (Cannon Falls, MN), First Farmers & Merchants National Bank (Fairmont, MN), First Farmers & Merchants National Bank (Luverne, MN), First Farmers & Merchants National Bank (MN), First Farmers & Merchants State Bank (Brownsdale, MN), First Farmers & Merchants State Bank of Grand Meadow (MN).
The other half include First National Bank of Le Center (MN), First State Bank (OH), Fortress Bank (IA), Lusitania Savings Bank (NJ), One Detroit Credit Union (MI), Pacific Postal Credit Union (CA), Pay by Extend, Ravalli County Federal Credit Union (MT), Sidney State Bank (MI), Sixth Avenue Baptist Federal Credit Union (AL), SubZero / Avaya, The Bank of Star Valley (WY), Waterfall Bank (FL), Windward Bank, and Xformative Payment Systems (NY).
Compared to most banks available on Google Wallet, some newly added banks are on the small side. However, this shows how much Google is trying to make Google Wallet the universal banking solution for everyone. Although the 30 new Google Wallet banks might be a step down from previous months, it’s still an impressive number.
Google Wallet already offers compatibility with more banks than Google Pay. That too, despite the fact that the transition from Pay to Wallet is still incomplete. As Google Pay’s closure edges closer, Google Wallet will likely continue to get more banks and features.