Square and PayPal Shouldn't Fear Google's Fintech Push

Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google recently launched a major redesign for its Google Pay app on Android and iOS, and at least one analyst believes that upgrade could threaten Square (NYSE: SQ) and PayPal (NASDAQ: PYPL).

However, I believe Square and PayPal probably won't lose much sleep over Google's latest efforts. Let's take a look back at Google Pay's evolution, why it's attracting more attention now, and why it probably still can't hurt Square or PayPal.

Image source: Getty Images.

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Source Fool.com