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Google Receives EMI License To Operate in EU

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

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A company controlled by Google’s parent Alphabet Inc. has received an electronic money institution (EMI) license 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 license 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.

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A Google logo is displayed at the entrance to the internet based company’s offices in Toronto. VOA

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.

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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. (IANS)

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Google Brings New Feature Called ‘Focus Mode’ For Android Devices

Focus mode is available on all devices that currently have Digital Wellbeing and parental controls settings, including new phones launching with Android 9 and Android 10

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Focus mode is a new Digital Wellbeing tool on Google Android, now out of beta, that helps you get things done by temporarily pausing apps so you can focus on the task at hand. Pixabay

Google has introduced a new feature ‘Focus Mode’ for Android devices designed to prevent its users from being consistently distracted by their smartphone.

The feature allows users to turn off distractions – like social media updates or email notifications – for a period of time, so a user can get things done without interruption.

Focus mode was first announced at Google’s developer conference in the summer as part of Android Q/10.

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Google has introduced a new feature ‘Focus Mode’ for Android devices designed to prevent its users from being consistently distracted by their smartphone. Pixabay

“Focus mode is a new Digital Wellbeing tool on Android, now out of beta, that helps you get things done by temporarily pausing apps so you can focus on the task at hand. You can select apps you currently find distracting (like social media or games) and if you try to open them, Focus mode will remind you that app is paused.

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“Focus mode will also silence those apps’ notifications until you are ready to switch out of the mode,” Dayson Pais Product Manager, Android said in a statement on Wednesday.

Focus mode is available on all devices that currently have Digital Wellbeing and parental controls settings, including new phones launching with Android 9 and Android 10. (IANS)