Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
Passports into 29 EEA jurisdictions.
Authorised for 6 payment-services activities.
Authorised 5 years ago.
About this institution
Verified active. Demivolt, UAB holds a current Lithuanian electronic money licence. The Bank of Lithuania authorised Demivolt to safeguard customer funds and execute payment transactions on a payment account. The licence also covers account information services (AIS), issuance of electronic money, issuing payment instruments, acquiring payment transactions. Payment initiation services (PIS) are also authorised under this licence. Demivolt is a limited liability company registered in Lithuania under the name UAB. Its electronic money licence allows it to issue electronic money, a core function of an EMI. The entity is authorised to issue payment instruments and to acquire payment transactions.
The licence enables passporting to 29 EEA host states. These states include 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. This passporting capacity extends Demivolt's services throughout the EU and EEA region, simplifying cross-border payments for its customers.
The licence was granted on 26 November 2020 and is listed as active in the register. No data gaps exist in the register regarding the licence-granted date or passporting reach. The register records Demivolt's licence as active, which means the entity is currently authorised to provide all listed services. The register lists the licence reference LB002037 and confirms its active status as at the last cross-check.
Licence timeline
3 dated eventsDated events for Demivolt, UAB, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Bank of Lithuania register
Automated daily verification of licence status and reference.
First verified and added to this directory
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
80/102
Demivolt, UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 80th oldest of the 102 dated Lithuania EMI authorisations, one of 17 granted in 2020.
Is your money safe with Demivolt, UAB?
Demivolt, UAB 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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, Demivolt, UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Estonia7
Poland7
Finland7
Ireland7
Slovenia7
Slovakia7
Hungary7
France7
Malta7
Latvia7
Spain7
Germany7
Liechtenstein7
Portugal7
Luxembourg7
Bulgaria7
Cyprus7
Netherlands7
Belgium7
Austria7
Czech Republic7
Romania7
Italy7
Denmark7
Croatia7
Iceland7
Greece7
Norway7
Sweden7
Authorised activities (PSD2 / EMD2)
Payment-services activities Demivolt, UAB is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Payment initiation services (PIS)PSD2_7
- Account information services (AIS)PSD2_8
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is Demivolt, UAB a licensed e-money institution?
- Yes. Demivolt, UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002037. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Demivolt, UAB?
- Demivolt, UAB 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 Demivolt, UAB's licence or FRN number?
- Demivolt, UAB's licence reference number is LB002037. 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 Demivolt, UAB authorised in other EEA countries?
- Yes. Demivolt, UAB 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
Registered office
- Street
- Jogailos str. 4
- City
- Vilnius, 01116
Ratings & reader notes
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- 1★7
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