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 7 payment-services activities.
Authorised 9 years ago.
About this institution
Verified active. ibsettle UAB holds a Lithuanian e-money licence (LB000404) issued by the Bank of Lithuania on 29 March 2017. The licence authorises safeguarding of customer funds, issuance of electronic money, cash withdrawal services on a payment account, execution of payment transactions on a payment account, issuing payment instruments and acquiring payment transactions, cash deposit services on a payment account, and money remittance. The entity is authorised to issue electronic money to customers and to manage payment accounts on their behalf.
The licence grants passporting into 29 EEA 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. This passporting allows ibsettle UAB to provide its electronic money services across the European Economic Area without separate authorisations in each host state. The host states cover the entire European Economic Area, reflecting the standard passporting framework for licensed EMIs.
A data note: the licence-granted date is recorded as 29 March 2017, and the passporting count is exactly 29 host states. The register records the licence status as active and no changes have been logged since the last verification. No passporting exclusions or special conditions appear in the register record. The Bank of Lithuania registers the licence under reference LB000404 and lists its operational status as active as of the last cross-check.
Licence timeline
3 dated eventsDated events for ibsettle 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
12/102
ibsettle UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 12th oldest of the 102 dated Lithuania EMI authorisations, one of 15 granted in 2017.
Is your money safe with ibsettle UAB?
ibsettle 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, ibsettle UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
France9
Finland9
Spain9
Estonia9
Germany9
Poland9
Hungary9
Sweden9
Luxembourg9
Slovenia9
Portugal9
Ireland9
Cyprus9
Malta9
Iceland9
Slovakia9
Greece9
Romania9
Croatia9
Norway9
Bulgaria9
Czech Republic9
Denmark9
Netherlands9
Austria9
Italy9
Liechtenstein9
Latvia9
Belgium9
Authorised activities (PSD2 / EMD2)
Payment-services activities ibsettle UAB is permitted to carry out under its licence, as recorded in the register.
- Cash withdrawal services on a payment accountPSD2_2
- Money remittancePSD2_6
- Cash deposit services on a payment accountPSD2_1
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions on a payment accountPSD2_3
Frequently asked questions
- Is ibsettle UAB a licensed e-money institution?
- Yes. ibsettle UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000404. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates ibsettle UAB?
- ibsettle 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 ibsettle UAB's licence or FRN number?
- ibsettle UAB's licence reference number is LB000404. 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 ibsettle UAB authorised in other EEA countries?
- Yes. ibsettle 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
- Šeimyniškių str. 19B-701
- City
- Vilnius, LT-09233
Ratings & reader notes
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- 1★4
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