The Board of the Bank of Lithuania has issued two new licences: an electronic money institution licence to UAB epayblock and a payment institution licence to Flywire Europe, UAB, announces the Bank of Lithuania.
electronic money institution
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The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp EU Payments UAB and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and certain payment services.
The Supervision Service of the Bank of Lithuania has concluded that the electronic money institution UAB deVere E-Money breached the requirements set out by the Republic of Lithuania Law on Electronic Money and Electronic Money Institutions by holding customer funds outside credit institutions and i...
Sonect, a Swiss-based fintech platform that allows its users to withdraw cash without a physical ATM, has received an electronic money institution license from the Bank of Lithuania.
