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UAB "Glocash Payment" logo

UAB "Glocash Payment"

Lithuania
4.1(131 ratings)ActiveEMI
View on register

Licence number

LB000431

Authorised since

21 Nov 2017

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 7 payment-services activities.

Tenure
MatureTier B

Authorised 8 years ago.

About this institution

Verified active. UAB "Glocash Payment" holds a Lithuanian e-money licence with reference LB000431 issued on 21 November 2017 by the Bank of Lithuania. The licence authorises cash deposit services on a payment account, issuance of electronic money, safeguarding of customer funds, execution of payment transactions on a payment account, money remittance, cash withdrawal services on a payment account, issuing payment instruments and acquiring payment transactions.

The licence is passported into 29 EEA host states, including 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, Sweden.

Data note: the licence-granted date is recorded as 21 November 2017; the passporting count is 29 host states as listed; the operational status is active. The Bank of Lithuania register lists reference LB000431 as active as of the last cross-check.

Licence timeline

3 dated events

Dated events for UAB "Glocash Payment", 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

22/102

UAB "Glocash Payment" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 22nd oldest of the 102 dated Lithuania EMI authorisations, one of 15 granted in 2017.

Is your money safe with UAB "Glocash Payment"?

UAB "Glocash Payment" 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, UAB "Glocash Payment" can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

  • PortugalPortugal8
  • LiechtensteinLiechtenstein8
  • SloveniaSlovenia8
  • NetherlandsNetherlands8
  • SwedenSweden8
  • FinlandFinland8
  • DenmarkDenmark8
  • FranceFrance8
  • IcelandIceland8
  • AustriaAustria8
  • RomaniaRomania8
  • SpainSpain8
  • EstoniaEstonia8
  • HungaryHungary8
  • CyprusCyprus8
  • CroatiaCroatia8
  • MaltaMalta8
  • LuxembourgLuxembourg8
  • Czech RepublicCzech Republic8
  • ItalyItaly8
  • BulgariaBulgaria8
  • BelgiumBelgium8
  • LatviaLatvia8
  • IrelandIreland8
  • GermanyGermany8
  • GreeceGreece8
  • PolandPoland8
  • SlovakiaSlovakia8
  • NorwayNorway8

Authorised activities (PSD2 / EMD2)

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

  • Issuance of electronic moneyEMI_ISSUANCE
  • Money remittancePSD2_6
  • Execution of payment transactions on a payment accountPSD2_3
  • Cash deposit services on a payment accountPSD2_1
  • Safeguarding of customer fundsSAFEGUARDING
  • Cash withdrawal services on a payment accountPSD2_2
  • Issuing payment instruments and acquiring payment transactionsPSD2_5

Frequently asked questions

Is UAB "Glocash Payment" a licensed e-money institution?
Yes. UAB "Glocash Payment" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000431. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB "Glocash Payment"?
UAB "Glocash Payment" 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 "Glocash Payment"'s licence or FRN number?
UAB "Glocash Payment"'s licence reference number is LB000431. 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 UAB "Glocash Payment" authorised in other EEA countries?
Yes. UAB "Glocash Payment" 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.

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Registered office

Street
Mėsinių str. 5
City
Vilnius, 01133

Ratings & reader notes

131 ratings · 0 written notes

4.1(131 ratings)
  • 5★71
  • 4★34
  • 3★10
  • 2★4
  • 1★12

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