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SumUp EU Payments UAB

Lithuania
4.0(140 ratings)ActiveEMI
View on register

Licence number

LB001900

Authorised since

27 Aug 2019

EEA passports

29

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
Pan-EuropeanTier A

Passports into 29 EEA jurisdictions.

Scope
Multi-serviceTier B

Authorised for 5 payment-services activities.

Tenure
MatureTier B

Authorised 7 years ago.

About this institution

Verified active. SumUp EU Payments UAB holds a current Lithuanian e-money licence (LB001900) issued by the Bank of Lithuania. The licence authorises Execution of payment transactions on a payment account. Issuing payment instruments and acquiring payment transactions. Safeguarding of customer funds. Cash withdrawal services on a payment account. Issuance of electronic money.

Passporting reaches 29 EEA host states. The licence is valid 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.

Data note: Licence granted 27 August 2019. Bank of Lithuania, reference LB001900, confirms active status as at the last cross-check.

Licence timeline

3 dated events

Dated events for SumUp EU Payments UAB, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Bank of Lithuania register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. 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

60/102

SumUp EU Payments UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 60th oldest of the 102 dated Lithuania EMI authorisations, one of 20 granted in 2019.

Is your money safe with SumUp EU Payments UAB?

SumUp EU 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.

How e-money safeguarding works → Verify on the register →

EEA passporting

29 jurisdictions

Under the EU passporting regime, SumUp EU Payments UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

  • BelgiumBelgium7
  • IcelandIceland7
  • LuxembourgLuxembourg7
  • LatviaLatvia7
  • RomaniaRomania7
  • GermanyGermany7
  • DenmarkDenmark7
  • SloveniaSlovenia7
  • CyprusCyprus7
  • NetherlandsNetherlands7
  • LiechtensteinLiechtenstein7
  • PortugalPortugal7
  • PolandPoland7
  • SwedenSweden7
  • SpainSpain7
  • NorwayNorway7
  • HungaryHungary7
  • AustriaAustria7
  • SlovakiaSlovakia7
  • EstoniaEstonia7
  • FinlandFinland7
  • ItalyItaly7
  • CroatiaCroatia7
  • BulgariaBulgaria7
  • FranceFrance7
  • Czech RepublicCzech Republic7
  • MaltaMalta7
  • IrelandIreland7
  • GreeceGreece7

Authorised activities (PSD2 / EMD2)

Payment-services activities SumUp EU Payments UAB is permitted to carry out under its licence, as recorded in the register.

  • Issuance of electronic moneyEMI_ISSUANCE
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Cash withdrawal services on a payment accountPSD2_2
  • Execution of payment transactions on a payment accountPSD2_3
  • Safeguarding of customer fundsSAFEGUARDING

Frequently asked questions

Is SumUp EU Payments UAB a licensed e-money institution?
Yes. SumUp EU Payments UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001900. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates SumUp EU Payments UAB?
SumUp EU 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 SumUp EU Payments UAB's licence or FRN number?
SumUp EU Payments UAB's licence reference number is LB001900. 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 SumUp EU Payments UAB authorised in other EEA countries?
Yes. SumUp EU Payments 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

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Registered office

Street
Ukmergės g. 126
City
Vilnius, 08100

Ratings & reader notes

140 ratings · 0 written notes

4.0(140 ratings)
  • 5★73
  • 4★27
  • 3★17
  • 2★11
  • 1★12

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