This is the new race launched between the American giants of technology: finance. Eager to expand their empire, Apple, Facebook and Google are embarking on a competition to seize a new territory. We learned last week that Google wants to offer from 2020 current accounts to individuals via an agreement with Citibank, according to the Wall Street Journal. A few hours ago, “Facebook Pay” was presented: this payment solution, which will work on Facebook, WhatsApp and Instagram, will send money and pay purchases. Apple, he had taken the step this summer, by launching his credit card with the support of Goldman Sachs.
This movement is massive and is for the moment in partnership with banks, essential when it comes to payments. But for how long? No doubt, the leaders of Apple, Google and Facebook dream they also hold banking licenses in the future.