Google Regisers as E-Money Issuer in EU

On March 19th, the UK Financial Services Authority authorized Google Payment Limited to issue electronic money in that country. With its UK registration, its fairly simple under European Union rules for Google to "passport" into other EU jurisdictions and be allowed to issue e-money across the continent. Under Paypal's UK registration, for example, it is authorized to passport into 24 other countries.

There's no official word from Google on its plans in the EU, but clearly, it has plans.