Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 5 payment-services activities.
Authorised 6 years ago.
About this institution
Verified active. Okeo Payments, UAB holds a current Lithuanian e-money licence, reference LB001991, from the Bank of Lithuania. The licence authorises Okeo to issue payment instruments, acquire payment transactions, safeguard customer funds, provide cash withdrawal services on a payment account, issue electronic money, and execute payment transactions on a payment account.
No EEA passporting is on record for the licence. The licence was granted on 13 August 2020.
The Bank of Lithuania records the licence reference LB001991 as active as of the last cross-check.
Licence timeline
3 dated eventsDated events for Okeo Payments, 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
75/102
Okeo Payments, UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 75th oldest of the 102 dated Lithuania EMI authorisations, one of 17 granted in 2020.
Is your money safe with Okeo Payments, UAB?
Okeo Payments, 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities Okeo Payments, 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
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Cash withdrawal services on a payment accountPSD2_2
Frequently asked questions
- Is Okeo Payments, UAB a licensed e-money institution?
- Yes. Okeo Payments, UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001991. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Okeo Payments, UAB?
- Okeo Payments, 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 Okeo Payments, UAB's licence or FRN number?
- Okeo Payments, UAB's licence reference number is LB001991. 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.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Lithuania
Registered office
- Street
- Gedimino ave. 20
- City
- Vilnius, 01103
Ratings & reader notes
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