Central Bank of Ireland gives go-ahead to Google payments

Google headquarters, California
Christopher Jeffery

The Central Bank of Ireland has issued a payment licence to technology giant Google, under the European Union’s Payment Services Directive (PSD2).

Google was granted a licence on December 24 and now has the ability to “issue payment instruments/and or acquire payment transactions”.

Under PSD2, a payment instrument is defined as either a “personalised device” – including debit or credit cards – or a “personalised set of procedures agreed between the payment service user and the payment service

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