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
- EstablishedTier A
No EEA passporting on record.
Authorised for 6 payment-services activities.
Authorised 10 years ago.
About this institution
Verified active. UAB "Bitė Lietuva" holds a Small EMI licence (LB000254) issued by the Bank of Lithuania. It authorises execution of payment transactions where funds are covered by credit line. It also authorises issuance of electronic money as part of its core activities. The licence explicitly covers safeguarding of customer funds in accordance with regulatory requirements. It permits execution of payment transactions on a payment account and ensures compliance with limits. It authorises issuing payment instruments and acquiring payment transactions under the small EMI framework. Furthermore, the licence covers money remittance services within the defined regulatory parameters.
The Small EMI licence does not provide passporting to other EEA states.
The register records a licence - granted date of 2016 - 09 - 29 and no passporting to other host states. Verified active. UAB "Bitė Lietuva" holds a Small EMI licence (LB000254) granted on 2016 - 09 - 29 by the Bank of Lithuania.
Licence timeline
3 dated eventsDated events for UAB "Bitė Lietuva", 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
Small EMI registration granted by the Bank of Lithuania
Position in the Lithuania register
Lithuania EMIs
102
Active
102
Full / small licences
94 / 8
Licence age rank
7/102
UAB "Bitė Lietuva" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 7th oldest of the 102 dated Lithuania EMI authorisations, one of 5 granted in 2016. As a small-EMI registration it operates domestically only - 8 of the 102 Lithuania entries use this lighter regime.
Is your money safe with UAB "Bitė Lietuva"?
UAB "Bitė Lietuva" holds a small-EMI registration 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. Small-EMI regimes are national and domestic-only; the exact safeguarding arrangements are worth confirming with the firm and its regulator.
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "Bitė Lietuva" is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions on a payment accountPSD2_3
- Money remittancePSD2_6
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions where funds are covered by credit linePSD2_4
Frequently asked questions
- Is UAB "Bitė Lietuva" a licensed e-money institution?
- Yes. UAB "Bitė Lietuva" holds Small EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000254. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB "Bitė Lietuva"?
- UAB "Bitė Lietuva" 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 UAB "Bitė Lietuva"'s licence or FRN number?
- UAB "Bitė Lietuva"'s licence reference number is LB000254. 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
- Žemaitės str. 15
- City
- Vilnius, LT-03504
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