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 5 years ago.
About this institution
Verified active. UAB „Elektroninių pinigų bitė" holds a current Lithuanian EMI licence. The Bank of Lithuania authorised the entity under reference LB002088. Authorised activities include money remittance; issuance of electronic money; execution of payment transactions on a payment account. Safeguarding of customer funds, issuing payment instruments and acquiring payment transactions are also permitted.
Passporting to the EEA is not recorded in the register.
Licence granted on 3 June 2021 and the entity's authorisation continues as active. The register lists the entity as active with reference LB002088 under the Bank of Lithuania as of the last cross check.
Licence timeline
3 dated eventsDated events for UAB „Elektroninių pinigų bitė“, 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
91/102
UAB „Elektroninių pinigų bitė“ is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 91st oldest of the 102 dated Lithuania EMI authorisations, one of 12 granted in 2021.
Is your money safe with UAB „Elektroninių pinigų bitė“?
UAB „Elektroninių pinigų bitė“ 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 UAB „Elektroninių pinigų bitė“ is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Money remittancePSD2_6
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is UAB „Elektroninių pinigų bitė“ a licensed e-money institution?
- Yes. UAB „Elektroninių pinigų bitė“ holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002088. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB „Elektroninių pinigų bitė“?
- UAB „Elektroninių pinigų bitė“ 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 „Elektroninių pinigų bitė“'s licence or FRN number?
- UAB „Elektroninių pinigų bitė“'s licence reference number is LB002088. 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
- Šv. Ignoto str.
- City
- Vilnius, 01144
Ratings & reader notes
0 written notes
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