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Jan 24, 2021 4:52 PM

Google Pay to start doing GDOT bank accounts in their platform Long

Green Dot CorporationNYSE

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GDOT Green Dot is famous for their proprietary banking products like prepaid debit cards. If you've ever checked out in the Walmart and you see the little rack of prepaid money cards at the cash register, those are all Green Dot products.
Other side of their business is called banking as a service, or BaaS.
Apple Pay Cash is a Green Dot-powered product, Apple Pay's person-to-person transfer service. That's a Green Dot product.
Uber uses Green Dot's infrastructure to instantly pay their drivers for rides. If you pay for an Uber drive, that money will instantly show up in the driver's account, and that's a Green Dot product.
Google Pay just announced they're going to start doing Green Dot bank accounts through their platform. (fool.com)

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abel11
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