LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Technology News

Google gets e-money licence to operate in EU

A company controlled by Google`s parent Alphabet Inc. has received an electronic money institution (EMI) licence in Lithuania that will allow it to offer payment services across the European Union (EU). 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Google gets e-money licence to operate in EU
The Bank of Lithuania issued the electronic money institution licence to Google Payment Lithuania.
Written By: IANS
Updated: Sat, Dec 22, 2018
12:14 pm
IANS
RELATED NEWS
This country passes law to make Google, Facebook pay for news  This country passes law to make Google, Facebook pay for news
Now you can share apps on Android using 'Nearby Share' | Check all details here Now you can share apps on Android using 'Nearby Share' | Check all details here
Google Play Music app user? Beware, your library will be deleted on this date! Take this action now Google Play Music app user? Beware, your library will be deleted on this date! Take this action now
Google Chrome 88 update fixes key zero-day bug Google Chrome 88 update fixes key zero-day bug
In crackdown, Google removes 100 personal loan apps, says MoS IT In crackdown, Google removes 100 personal loan apps, says MoS IT

A company controlled by Google`s parent Alphabet Inc. has received an electronic money institution (EMI) licence in Lithuania that will allow it to offer payment services across the European Union (EU). Amid the country`s efforts to become a regional fintech licensing hub, the Bank of Lithuania issued the EMI licence to Google Payment Lithuania, UAB on Friday, Xinhua news agency reported. 

"Our regulatory environment and the benefits it offers have been acknowledged by both start ups and world-class fintech companies," a statement quoted Marius Jurgilas, a member of the Board of the Bank of Lithuania, as saying.

The EMI license authorises the company to issue and redeem electronic money and provide payment services.

"We are constantly working to develop payments products and support our customers. We applied for a payment license in Lithuania as part of these efforts," Google spokesman Adam Malczak told local media on Friday.

क्या थर्ड पार्टी इंश्योरेंस होगा सस्ता?
क्या सीमेंट, टायर पर घटेगा #GST?
किन-किन चीज़ों पर आज हो सकती है #GSTCouncil में चर्चा जानिए हमारे संवाददाता प्रकाश प्रियदर्शी से।@AnilSinghviZEE @amitdutta09 @BrajeshKMZee @SwatiKJain @priyadarshi108 #ThirdpartyInsurance pic.twitter.com/eR3fn6LusQ

— Zee Business (@ZeeBusiness) December 22, 2018

Google`s EMI license in Lithuania was issued around a week after Revolut, a UK-based fintech start-up received European banking license which was facilitated by the Bank of Lithuania, paving the way for the company`s banking services throughout Europe.

"The end of this year reflects our efforts and experience of the past few years in actively developing a fintech-conducive ecosystem in Lithuania," Jurgilas said.

Google`s EMI license is the 45th such the Bank of Lithuania has issued so far. 

In total, more than 100 fintech companies, mostly in payments, electronic money issuance, peer to peer lending, crowdfunding, are licensed in Lithuania, according to the Bank of Lithuania.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
GoogleAlphabet Inc
RELATED NEWS
This country passes law to make Google, Facebook pay for news  This country passes law to make Google, Facebook pay for news
Now you can share apps on Android using 'Nearby Share' | Check all details here Now you can share apps on Android using 'Nearby Share' | Check all details here
Google Play Music app user? Beware, your library will be deleted on this date! Take this action now Google Play Music app user? Beware, your library will be deleted on this date! Take this action now
Google Chrome 88 update fixes key zero-day bug Google Chrome 88 update fixes key zero-day bug
In crackdown, Google removes 100 personal loan apps, says MoS IT In crackdown, Google removes 100 personal loan apps, says MoS IT

LATEST NEWS

Hot Money Tip! Get Rs 5000 monthly pension for just Rs 7 per day; Check this APY chart

After petrol and diesel, consumers face LPG cooking gas cylinder price rise

SAIL share price: Anand Rathi initiates coverage with BUY recommendation and a target price of Rs 94 per share

Rajasthan Board 10th, 12th Exam 2021 Date Sheet Out: RBSE released date sheet for class 10 and class 12 board exams: Check exam dates and other details here

In chat with Anil Singhvi, analyst Vikas Sethi picks EIL, Ramco Cements as top buys for bumper gains

Mercedes driver, aged just 18, held for mowing down scooterist in Delhi

Redmi K40, Redmi K40 Pro and Redmi K40 Pro+ launched; Check Price, Specs, availability in India

This Twitter feature allows users to make money; know what is 'Super Follow'

Man tries to deposit fake currency notes into his SBI bank account, detained

BSSC 1st Inter Level Combined Competitive Mains Exam 2014 result declared; check and download it from bssc.bih.nic.in —Steps here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved