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BEM Europe

Lithuania

Legal name: BENKER UAB

3.9(97 ratings)ActiveEMI
View on register

Licence number

LB002125

Authorised since

13 Jan 2022

EEA passports

29

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
Pan-EuropeanTier A

Passports into 29 EEA jurisdictions.

Scope
Multi-serviceTier B

Authorised for 6 payment-services activities.

Tenure
GrowingTier C

Authorised 4 years ago.

About this institution

Verified active. BENKER UAB holds a Lithuanian e-money licence. The licence authorises issuance of electronic money, safeguarding of customer funds. It also covers issuance of payment instruments and acquisition of payment transactions. Execution of payment transactions, cash withdrawal, and cash deposit services on a payment account are additionally authorised.

The licence is passported into 29 host states, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

The licence was granted on 13 January 2022 by the Bank of Lithuania and is listed as LB002125. Status as at the last register cross-check: active.

Licence timeline

3 dated events

Dated events for BEM Europe, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Bank of Lithuania register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Bank of Lithuania

Position in the Lithuania register

Lithuania EMIs

102

Active

102

Full / small licences

94 / 8

Licence age rank

96/102

BEM Europe is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 96th oldest of the 102 dated Lithuania EMI authorisations, one of 3 granted in 2022.

Is your money safe with BEM Europe?

BEM Europe holds an e-money authorisation from Bank of Lithuania, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.

If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.

How e-money safeguarding works → Verify on the register →

EEA passporting

29 jurisdictions

Under the EU passporting regime, BEM Europe can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

  • IcelandIceland8
  • RomaniaRomania8
  • Czech RepublicCzech Republic8
  • PortugalPortugal8
  • BulgariaBulgaria8
  • NorwayNorway8
  • CyprusCyprus8
  • HungaryHungary8
  • NetherlandsNetherlands8
  • CroatiaCroatia8
  • DenmarkDenmark8
  • PolandPoland8
  • AustriaAustria8
  • FinlandFinland8
  • IrelandIreland8
  • SloveniaSlovenia8
  • SwedenSweden8
  • LatviaLatvia8
  • BelgiumBelgium8
  • SlovakiaSlovakia8
  • MaltaMalta8
  • EstoniaEstonia8
  • SpainSpain8
  • FranceFrance8
  • GreeceGreece8
  • LiechtensteinLiechtenstein8
  • GermanyGermany8
  • LuxembourgLuxembourg8
  • ItalyItaly8

Authorised activities (PSD2 / EMD2)

Payment-services activities BEM Europe is permitted to carry out under its licence, as recorded in the register.

  • Cash deposit services on a payment accountPSD2_1
  • Execution of payment transactions on a payment accountPSD2_3
  • Safeguarding of customer fundsSAFEGUARDING
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Issuance of electronic moneyEMI_ISSUANCE
  • Cash withdrawal services on a payment accountPSD2_2

Frequently asked questions

Is BEM Europe a licensed e-money institution?
Yes. BEM Europe holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002125. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates BEM Europe?
BEM Europe is authorised and supervised by Bank of Lithuania in Lithuania. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is BEM Europe's licence or FRN number?
BEM Europe's licence reference number is LB002125. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.
Is BEM Europe authorised in other EEA countries?
Yes. BEM Europe is passported to 29 EEA jurisdictions, meaning it can provide e-money and payment services across those countries on its home authorisation.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

Other licensed institutions in Lithuania

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Registered office

Street
Konstitucijos pr. 15-93
City
Vilnius, LT-09319

Ratings & reader notes

97 ratings · 0 written notes

3.9(97 ratings)
  • 5★43
  • 4★23
  • 3★14
  • 2★12
  • 1★5

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