Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Full-serviceTier A
- Tenure
- MatureTier B
Passports into 29 EEA jurisdictions.
Authorised for 8 payment-services activities.
Authorised 9 years ago.
About this institution
Verified active. NEXTEDGE UAB holds a current Lithuanian e-money licence from the Bank of Lithuania. The licence authorises execution of payment transactions on a payment account; safeguarding of customer funds; issuing payment instruments and acquiring payment transactions; execution of payment transactions where funds are covered by a credit line; cash withdrawal services on a payment account; money remittance; cash deposit services on a payment account; and issuance of electronic money. Passporting covers 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. Data note: licence granted on 14 February 2017. The Bank of Lithuania lists licence reference LB000244 as active as at the last cross-check.
Licence timeline
3 dated eventsDated events for Nextedge, 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
11/102
Nextedge, UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 11th oldest of the 102 dated Lithuania EMI authorisations, one of 15 granted in 2017.
Is your money safe with Nextedge, UAB?
Nextedge, 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, Nextedge, UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Austria11
Norway11
Finland11
Czech Republic11
Liechtenstein11
Iceland11
Sweden11
Romania11
Estonia11
Italy11
Denmark11
Malta11
Slovenia11
Netherlands11
Belgium11
Spain11
Latvia11
Hungary11
Croatia11
Poland11
Luxembourg11
Bulgaria11
Germany11
Cyprus11
France11
Greece11
Ireland11
Portugal11
Slovakia11
Authorised activities (PSD2 / EMD2)
Payment-services activities Nextedge, UAB is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
- Money remittancePSD2_6
- Cash withdrawal services on a payment accountPSD2_2
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Cash deposit services on a payment accountPSD2_1
Frequently asked questions
- Is NEXTEDGE, UAB a licensed e-money institution?
- Yes. NEXTEDGE, UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000244. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates NEXTEDGE, UAB?
- NEXTEDGE, 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 NEXTEDGE, UAB's licence or FRN number?
- NEXTEDGE, UAB's licence reference number is LB000244. 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 NEXTEDGE, UAB authorised in other EEA countries?
- Yes. NEXTEDGE, 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
- Laisvės ave. 10A
- City
- Vilnius, 04215
Ratings & reader notes
120 ratings · 0 written notes
- 5★82
- 4★29
- 3★9
- 2★0
- 1★0
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