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Google just nabbed an e-money license Google has become the latest big tech firm to secure an e-money license after Lithuania granted subsidiary Google Payment authorization, per Bloomberg.
At present, Google offers limited financial services through its Google Pay digital wallet, which allows users to store their card details to make payments in-store, online, or in-app.
However, the e-money license will significantly bolster its ability to provide financial services offerings.
Ireland granted Facebook's license in 2016, while Amazon Payments has obtained its permit in Luxembourg, per Bloomberg.
Business Insider Intelligence's Mekebeb Tesfaye has the full story. | |
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| | | Amazon is seeing an increase in voice-based commerce, according to a press release detailing the e-tailer's holiday season performance. Read More → | | | | |
| | | Mercedes-Benz parent company Daimler is reportedly in talks to collaborate with BMW to make new automotive components and technologies, according to Bloomberg. Read More → | | | | |
| | | This was a busy year in digital media: We weathered everything from data breaches to fake news to the official rollout of GDPR. Read More → | | | | |
| | | Both Amazon's Alexa-infused Echo lineup of smart speakers, and its Fire TV streaming stick with an Alexa-powered remote, led Amazon's device sales during the 2018 holiday season, according to an Amazon blog post. Read More → | | | | |
| | | At the end of 2017, we outlined five predictions for the transportation and logistics industries for the year ahead. We're now revisiting those predictions to see how they stood the test of time. Read More → | | | | |
| | | US consumers love Amazon more than other brands with a net favorability score of 74%, according to surveys conducted by Morning Consult. Read More → | | | | |
| | | At the end of 2017, Business Insider Intelligence laid out five digital health predictions for 2018 — but we didn't hit the nail on the head with all of them. Read More → | | | | |
| | | Amazon's Alexa voice assistant suffered an outage in parts of Europe on Christmas Day, as new device owners attempted to activate their Echo smart speakers, according to The Guardian. Read More → | | | | |
| | | Facebook's striving to break the Apple-Google app store duopoly by expanding the audience and incentivizing development for its Instant Games platform. Read More → | | | | |
| | | Major Japanese card network JCB launched the JCB QR Code Payment Service, allowing its cardholders to scan QR codes to pay in-store at the point-of-sale (POS) throughout Asia, starting in Taiwan and Vietnam. Read More → | | | | |
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| | | The ability to conduct banking activities via a sleek mobile app is no longer enough to satisfy consumers — it's table stakes. In this report, Business Insider Intelligence analyzes the different approaches banks can take to offer their customers better PFM features as competition from fintechs increases. We also explain the benefits and potential challenges related to each approach. Additionally, we provide insights into how the industry may change in the future, what banks can do to stay on top of developments, and which PFM features are becoming table stakes. Learn More → | | | | |
| | | In a new report, Business Insider Intelligence examines the current and potential applications of AI within marketing. We dive into how AI enhances personalization, and identify the best practices for marketers looking to integrate the nascent tech into their strategies. We also look at how marketers cam implement AI to better target audiences, gain a competitive edge, and analyze data from social platforms. Finally, we evaluate how these applications will transform — and enhance — the way marketers analyze data, conduct burdensome tasks, and create content. Learn More → | | | | |
| | | This report unpacks the current digital payments ecosystem, and explores how changes will impact the industry in both the short- and long-term. It traces the path of an in-store card payment from processing to settlement to clarify the role of key stakeholders and assess how the landscape has shifted. It also uses forecasts, case studies, and product developments from the past year to explain how digital transformation is impacting major industry segments, and highlights five trends that should shape payments in the year ahead. Learn More → | | | | |
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Regulators need to ensure that consumers aren't being wooed to risky accounts. |  | |
Membership models are less about paywalling content and more about asking users what the content means to them. |  | |
Amazon will likely take the lead in voice payments by creating new payment opportunities. |  | |
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