As evidenced by the last several years, technology is disrupting the commerce industry. One area of interest is e-money, with Google just granted a Payment License that will allow it to operate throughout the European Union.
As reported by Bloomberg this morning, the Google Payments division received an e-money license from Lithuania that will allow it to operate financial services across the European Union. Over the past three months, the Baltic country’s central bank has issued 39 similar approvals.
Read More… source 9to5google
Disclaimer: This section is a compilation of news, articles, updates and information (“Updates”) related to payments,fintech, banking and other industry. All Updates belong to the source provided after every such Update. FIAKS does not have and in no manner claims to have any intellectual property rights in the content, images, pdf, videos etc. in any of the Updates. This section has been created for knowledge sharing/education purposes for our smart FIAKS communities across the globe. We understand that the fair use of a copyrighted work or work protected under any intellectual property law, including such use by reproduction in copies or by any other means specified under applicable laws, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. This section and our website may contain certain copyrighted or the work otherwise protected under any law that were not specifically authorised to be used by the copyright holder(s) or right holder(s) but which we believe in good faith are protected by the applicable laws and the fair use doctrine for one or more reasons noted above. If you have any specific concerns about this section or our website or our position on the fair use defence, please contact us at [email protected] so we can discuss amicably. Thank you.