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 5 years ago.
About this institution
Verified active. KogoPay UAB holds licence reference LB002065, licensed by the Bank of Lithuania on 4 March 2021. The licence authorises issuance of payment instruments and acquisition of payment transactions. It also authorises issuance of electronic money and cash withdrawal services on a payment account. Execution of payment transactions on a payment account and safeguarding of customer funds are also covered. All these activities are performed under the same licence.
The licence is passported into 29 EEA host states. The host states include Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland. The remaining host states are Italy, Latvia, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. Passporting allows KogoPay UAB to deliver its authorised activities across all these jurisdictions.
Licence granted 4 March 2021. The licence covers all 29 host states listed in the register. Under the licence, KogoPay UAB can issue electronic money and facilitate cash withdrawals in each of the 29 host states. The licence allows KogoPay UAB to execute payment transactions in all 29 host states. The licence authorises the safeguarding of customer funds in each host state. The licence is fully compliant with the Lithuanian e-money regulations as recorded. The licence also authorises the acquisition of payment transactions across the entire EEA. The entity can issue payment instruments and execute payment transactions in each host state.
The Bank of Lithuania registers KogoPay UAB under reference LB002065, status active as at the last cross-check.
Licence timeline
3 dated eventsDated events for KogoPay 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
87/102
KogoPay UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 87th oldest of the 102 dated Lithuania EMI authorisations, one of 12 granted in 2021.
Is your money safe with KogoPay UAB?
KogoPay 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, KogoPay UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Poland7
France7
Netherlands7
Romania7
Czech Republic7
Ireland7
Iceland7
Slovakia7
Cyprus7
Spain7
Latvia7
Greece7
Italy7
Finland7
Denmark7
Belgium7
Portugal7
Slovenia7
Croatia7
Sweden7
Germany7
Malta7
Liechtenstein7
Hungary7
Bulgaria7
Estonia7
Austria7
Luxembourg7
Norway7
Authorised activities (PSD2 / EMD2)
Payment-services activities KogoPay UAB is permitted to carry out under its licence, as recorded in the register.
- Cash withdrawal services on a payment accountPSD2_2
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Execution of payment transactions on a payment accountPSD2_3
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is KogoPay UAB a licensed e-money institution?
- Yes. KogoPay UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002065. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates KogoPay UAB?
- KogoPay 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 KogoPay UAB's licence or FRN number?
- KogoPay UAB's licence reference number is LB002065. 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 KogoPay UAB authorised in other EEA countries?
- Yes. KogoPay 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
- Konstitucijos pr. 21A
- City
- Vilnius, LT-08105
Ratings & reader notes
137 ratings · 0 written notes
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- 1★13
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