The Financial Express

Google Payment Expands With E-money License From Lithuania

Google Payment Expands With E-money License From Lithuania

Google Payment, a company owned by Alphabet Inc., obtained an e-money license in Lithuania, joining a growing number of fintech firms that have secured permission from the Baltic nation to offer financial services across the European Union. The license will enable Google to process payments, issue e-money, and handle electronic money wallets.

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Financial Technology: Is It Bane or Boon for Indian Banks?

Financial Technology: Is It Bane or Boon for Indian Banks?

Fintech is the latest buzzword in the world of finance, where digitisation has gained significant momentum. Fintech is short for financial technologies, those that are disrupting traditional financial services, including mobile payments, money transfers, loans, fundraising and asset management.

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Express IT Awards: Will UPI Kill Cards? Read What Experts Say

Express IT Awards: Will UPI Kill Cards? Read What Experts Say

With UPI payments rising 60 times between November 2016 vs 1.6 times for debit/credit card payments to merchants, the Express IT Awards debated whether UPI would cannibalise cards within a few years. What emerged, however, was a larger story, of democratising credit, of digital diplomacy and the value of Big Data.

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