Google Pay Gets a Redesign to <br />Take on Venmo and Mint .<br />On Wednesday, a new version of the app was launched, .<br />allowing users to manage budgets, open <br />bank accounts and send peer-to-peer payments.<br />Google partnered with Citi and <br />Stanford Federal Credit Union <br />to offer its "Plex" mobile banking.<br />The company said it also plans to <br />add 11 new partner institutions in 2021. .<br />Along with our bank partners, we were looking to make banking more relevant for the mobile-first generation, Caesar Sengupta, general manager of payments at Google, to CNBC.<br />It will help our partners make banking more approachable to that generation, and not only make it more relevant, <br />but make it more fun, Caesar Sengupta, general manager of payments at Google, to CNBC.<br />Google Pay's new checking and savings accounts won't require a minimum balance.<br />There will also be no <br />overdraft charges <br />or monthly fees
