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 5 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. Etapay UAB, licence reference LB001874, is a Lithuanian electronic money institution authorised by the Bank of Lithuania. The licence authorises issuance of electronic money, allowing customers to hold balances digitally. It also authorises the issuance of payment instruments and the acquisition of payment transactions for customer accounts. Safeguarding of customer funds is required under the licence, ensuring protection of deposited money. Additionally, the licence permits cash withdrawal services on a payment account and execution of payment transactions on that account. The licence also requires compliance with anti money laundering regulations for all electronic money services.
Passporting covers 29 host states across the entire European Economic Area today. The licence allows Etapay UAB to provide the same electronic money services in 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 reach enables cross border payments and electronic money issuance across the entire European economic area. The passporting list is consistent with the Bank of Lithuania's published cross border authorisations.
The register records the licence granted date as 30 May 2019 and confirms the active operational status as of the last cross - check. The Bank of Lithuania, reference LB001874, active licence as at the last cross - check. No other operational status changes are recorded in the register as of the latest update.
Licence timeline
3 dated eventsDated events for Etapay 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
52/102
Etapay UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 52nd oldest of the 102 dated Lithuania EMI authorisations, one of 20 granted in 2019.
Is your money safe with Etapay UAB?
Etapay 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, Etapay UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Spain7
Netherlands7
Iceland7
Denmark7
Greece7
Italy7
Portugal7
Bulgaria7
Poland7
Estonia7
Cyprus7
Finland7
Hungary7
Romania7
Croatia7
Ireland7
Latvia7
Liechtenstein7
Germany7
Belgium7
Norway7
France7
Luxembourg7
Sweden7
Slovenia7
Slovakia7
Austria7
Malta7
Czech Republic7
Authorised activities (PSD2 / EMD2)
Payment-services activities Etapay UAB is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Cash withdrawal services on a payment accountPSD2_2
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is Etapay UAB a licensed e-money institution?
- Yes. Etapay UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001874. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Etapay UAB?
- Etapay 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 Etapay UAB's licence or FRN number?
- Etapay UAB's licence reference number is LB001874. 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 Etapay UAB authorised in other EEA countries?
- Yes. Etapay 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
- S. Moniuškos g. 27-4
- City
- Vilnius, LT-08115
Ratings & reader notes
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