Google has announced that Google Pay will officially shut down on June 4, 2024, in the U.S. Google has been gradually adding support for new features and payment methods to the Google Wallet app. The business has consistently maintained that Google Pay is the past and Google Wallet is the future.
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In light of this, it declared that Google Pay will formally close on June 4, 2024, in the United States. Google is expanding the list of banks that the Google Wallet app supports in advance of that shutdown.
A Google support document has the whole list of supported banks, which now includes 42 new establishments. The following banks are among the additions that were initially noticed by Android Police:
- Abilene Teachers Federal Credit Union
- Austin County State Bank (TX)
- Bank of Monticello (MO)
- Bison State Bank (MO)
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- Carolina Trust Federal Credit Union
- Century Next Bank (LA)
- Citizens First Bank (WI)
- Community National Bank in Monmouth (IL)
- Cottonwood Community Federal Credit Union (ID)
- County-City Credit Union (WI)
- Diamond Valley Federal Credit Union (IN)
- First National Bank of Manchester (FNBM) (KY)
- First State Bank of LeCenter (MN)
- Forest Area Federal Credit Union (MI)
- Granite Preferred
- Highway Crossroads Credit Union (MO)
- Hope Federal Credit Union (WV)
- KS Bank, Inc (NC)
- Lake Region Bank (MN)
- Liberty Bank NA (CA)
- LincOne Federal Credit Union
- Lion’s Share Federal Credit Union (NC)
- Monroe County Teachers Federal Credit Union (FL)
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- PAHO/WHO FCU (DC)
- Pheple Federal Credit Union
- Planters Bank, Inc
- Racine Municipal Employees Credit Union (WI)
- Rave Financial Credit Union
- River Region Credit Union (MO)
- SPC Credit Union
- Star of Texas Credit Union (TX)
- Telhio Credit Union (OH)
- Ten Credit Union
- Tongass Federal Credit Union
- Thumb Bank & Trust (MI)
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- TrailNorth Federal Credit Union
- Valley Bank of Commerce (NM)
- Washington State Bank (LA)
- West Alabama Bank & Trust (AL)
You might not know any of these banks because they are all really small. Although almost all of the big banks currently offer Google Wallet, it’s a good thing that Google is adding additional banks. Not everyone uses large banks, and Google Wallet’s support for smaller ones gives those users access to important features like contactless payments.
The 44 banks that were added the previous month are joined by the 42 new banks that have joined the Google Wallet app as of January. Over the past two months, Google has expanded support for 86 banks in addition to a few well-known businesses. Specifically, as of December 2023, the Google Wallet app supports Venmo.
Google Pay won’t be completely replaced by Google Wallet’s most recent feature enhancements, such as support for other banks. Later this year, Google’s official peer-to-peer payment system will be terminated along with the app. Furthermore, many Google Pay functionalities, such as transferring a cash balance, will be limited to a web client.
The Google Wallet app is a more flexible option, even though Google Pay has certain advantages. Google Wallet may store documents like passes or digital IDs in addition to bank cards and payment options. Furthermore, as evidenced by the addition of 42 new banks just last month, Google is actively working to improve Google Wallet.
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Kene Samuel