United Kingdom: Google Payment
Google Payment Limited is a fully owned UK financial subsidiary of Google LLC, serving as the regulated backbone for Google Pay operations in the UK. It delivers e-money issuance, payment services, and merchant support, while maintaining compliance with financial regulations. Its steady growth in assets and turnover (2022–23) indicates an actively scaling digital payments business, with net income steady at around €11 million.
Basic Information
- Registered Office: 5 New Street Square, London EC4A 3TW
- Incorporated: 11 August 2006
- Company Type: Private limited company
Regulatory & Functional Profile
- Regulated Entity: Authorized Electronic Money Institution by the UK’s Financial Conduct Authority, FCA reference 900008, since 26 April 2018
- Services Licensed: Issuance of electronic money, payment execution (online, P2P), payment initiation services, account information services, money remittance, and more.
- Brexit Adaptation: No longer operates under EEA passport; EEA coverage migrated to Google Payment Lithuania UAB.
Management & Governance
- Michael Davis – Director, appointed Sept 16 2024
- Sarah‑Jayne Williams – Director, appointed Sept 13 2024
- Pedro Maria Aizpún Morales – Director, Risk & Compliance, appointed June 10 2024
- Stephen John Ratcliffe – Director, Product Manager (Google Pay), appointed Oct 8 2019
- Valentine Anthony Bohan – Finance Director, appointed Feb 13 2025
- Taylor Wessing Secretaries Limited – Company Secretary
Role & Context
- Primary Role: Legal and regulated entity for Google Pay in the UK. Facilitates issuance of electronic money, authorised for diverse payment functions.
- Operational Scope: Handles Google Pay merchant services (e.g., NFC tap-to-pay, merchant payments, PIS/AIS), consumer transaction flows — both retail and marketplace scenarios (per Google Payments privacy/legal notices)
- Complaint Handling: Managed via Financial Ombudsman Service with published complaints policy for UK users
