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
- GrowingTier C
No EEA passporting on record.
Authorised for 7 payment-services activities.
Authorised 4 years ago.
About this institution
Verified active. UAB 'DRUSVALAS', trading as DRUSVALAS, holds a current Lithuanian EMI licence under LB002122 issued by Bank of Lithuania. Authorised activities include issuance of electronic money. It also provides cash withdrawal and deposit services on payment accounts. Other services cover money remittance, issuing payment instruments and acquiring payment transactions. Execution of payment transactions and safeguarding of customer funds are also authorised.
No EEA passporting is recorded for this licence. Therefore, the licence does not carry a passport to other EEA host states.
Licence granted on 21 December 2021. The register lists operational status as active as of the last cross-check. Register records confirm reference LB002122, authorised by Bank of Lithuania, status active.
Licence timeline
3 dated eventsDated events for DRUSVALAS, 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
95/102
DRUSVALAS is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 95th oldest of the 102 dated Lithuania EMI authorisations, one of 12 granted in 2021.
Is your money safe with DRUSVALAS?
DRUSVALAS 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 DRUSVALAS is permitted to carry out under its licence, as recorded in the register.
- Cash deposit services on a payment accountPSD2_1
- 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
- Money remittancePSD2_6
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is DRUSVALAS a licensed e-money institution?
- Yes. DRUSVALAS holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002122. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates DRUSVALAS?
- DRUSVALAS 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 DRUSVALAS's licence or FRN number?
- DRUSVALAS's licence reference number is LB002122. 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
- Naugarduko str. 19
- City
- Vilnius, 03226
Ratings & reader notes
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