Google Plans To Let Users Pay Bills Via Gmail

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According to a report in Re/code, the new system is known as “Pony Express,” however it is not clear whether this will be the final name of the service or if it’s just a code name. The service will not only allow Gmail users to access their bills, but facilitate their payment directly through “Pony Express” instead of through the specific company website, writes Richard Nieva for CNET.

Digital payments strategy

The document seen by Re/code suggests that “Pony Express” will make its debut in the fourth quarter of this year, marking an expansion of Google activity in digital payments. The Google Wallet continues to increase its market share, and a few days ago Google revealed that the service will soon be integrated into ride-sharing application Lyft.

This integration is a small part of Google’s struggle to compete against rivals such as Apple Pay, but now it seems that Google is working on a completely new mobile payments system. The API will reportedly operate as Android Pay, allowing for single-tap payments in stores, but will not replace Google Wallet.

Google planning new business ventures?

It is also thought that “Pony Express” could increase Google’s access to data, providing the company with access to personal financial details and potentially paving the way for its entrance into personal finance and lending. The sign up process for “Pony Express” includes identity verification using Social Security numbers, and the service will organize all of users’ different bills on one platform which connects directly to their bank account.

The new payments system could show that two teams within Google are working on similar mobile payment platforms, looking to achieve the same goals in different ways. “Pony Express” marks another step in Google’s effort to diversify its business, and by integrating financial services into its existing Gmail system, Google gives users another reason to keep using its products, while potentially opening up new business opportunities in the finance sector.

While “Pony Express” may in fact be released under a different name, the system could represents an important foray into financial services from Google.

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About the Author

Brendan Byrne
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. To contact Brendan or give him an exclusive, please contact him at [email protected]

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