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Google Gets EU eMoney License

PYMNTS

Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services. Earlier this month Revolut , the U.K.

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Former Obama Advisor Eyes Google, Amazon For SMB Lending

PYMNTS

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Amazon has already made inroads in the small business lending space over the years. When I look at it from a U.S.

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The Big Tech In Fintech Report: How Facebook, Apple, Google, & Amazon Are Battling For The $28.2T Market

CB Insights

Eager to turn the ongoing fintech boom into an advantage, big tech companies (Facebook, Apple, Google, Amazon) have been taking a number of strategic steps to grow their market share in financial services. How big tech’s product strategies differ across banking, payments, lending, and e-commerce. get the full report.

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Xiaomi To Roll Out Consumer Lending In India

PYMNTS

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. India is said to be the biggest market for the company outside of China. For Q2, the company’s FinTech revenues increased 62.7

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PayPal, Google Give OCC’s Bank Charter The Cold Shoulder

PYMNTS

The OCC held meetings with technology conglomerates Google , PayPal and others about the possibility of bank charters for the firms, reports in American Banker said on Monday (June 16). The proposal was met with early backing from the banking, FinTech and alternative lending community.

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The Big Tech In Lending Report: How Amazon, Facebook, Google, & Apple Are Battling For The $3T+ Market

CB Insights

After last year’s payments push , big tech companies are now turning their attention to lending. Amazon, Facebook, and Google’s strategies focus on business lending — offering capital to the merchants, small businesses, or enterprises that they often already provide other services to. Phone number.

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Anticipation For Amazon’s SMB Lending Disruption Grows

PYMNTS

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. Google could be in the running, too, she added. “If

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