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 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 eventsDated 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.
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
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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, SumUp EU Payments UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Belgium7
Iceland7
Luxembourg7
Latvia7
Romania7
Germany7
Denmark7
Slovenia7
Cyprus7
Netherlands7
Liechtenstein7
Portugal7
Poland7
Sweden7
Spain7
Norway7
Hungary7
Austria7
Slovakia7
Estonia7
Finland7
Italy7
Croatia7
Bulgaria7
France7
Czech Republic7
Malta7
Ireland7
Greece7
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
Registered office
- Street
- Ukmergės g. 126
- City
- Vilnius, 08100
Ratings & reader notes
140 ratings · 0 written notes
- 5★73
- 4★27
- 3★17
- 2★11
- 1★12
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