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UAB "International Payment Union"

Lithuania
4.1(119 ratings)ActiveEMI
View on register

Licence number

LB000468

Authorised since

25 Jul 2018

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
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
MatureTier B

Authorised 8 years ago.

About this institution

Verified active. UAB 'International Payment Union' holds a current Lithuanian electronic money licence (LB000468) issued by the Bank of Lithuania. The licence covers execution of payment transactions on a payment account. It also authorises issuance of electronic money, safeguarding of customer funds, issuing payment instruments, and acquiring payment transactions.

The licence is passported into 29 EEA states, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, and Denmark. It also reaches Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

The licence was granted on 25 July 2018. The Bank of Lithuania, reference number LB000468, confirms the active status as of the last cross-check.

Licence timeline

3 dated events

Dated events for UAB "International Payment Union", 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

38/102

UAB "International Payment Union" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 38th oldest of the 102 dated Lithuania EMI authorisations, one of 21 granted in 2018.

Is your money safe with UAB "International Payment Union"?

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

  • PortugalPortugal6
  • CroatiaCroatia6
  • HungaryHungary6
  • MaltaMalta6
  • AustriaAustria6
  • SwedenSweden6
  • SlovakiaSlovakia6
  • NetherlandsNetherlands6
  • IcelandIceland6
  • GermanyGermany6
  • NorwayNorway6
  • SpainSpain6
  • RomaniaRomania6
  • EstoniaEstonia6
  • GreeceGreece6
  • FinlandFinland6
  • LiechtensteinLiechtenstein6
  • PolandPoland6
  • ItalyItaly6
  • LatviaLatvia6
  • Czech RepublicCzech Republic6
  • LuxembourgLuxembourg6
  • SloveniaSlovenia6
  • DenmarkDenmark6
  • BulgariaBulgaria6
  • BelgiumBelgium6
  • IrelandIreland6
  • FranceFrance6
  • CyprusCyprus6

Authorised activities (PSD2 / EMD2)

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

  • Safeguarding of customer fundsSAFEGUARDING
  • Execution of payment transactions on a payment accountPSD2_3
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Issuance of electronic moneyEMI_ISSUANCE

Frequently asked questions

Is UAB "International Payment Union" a licensed e-money institution?
Yes. UAB "International Payment Union" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000468. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB "International Payment Union"?
UAB "International Payment Union" 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 "International Payment Union"'s licence or FRN number?
UAB "International Payment Union"'s licence reference number is LB000468. 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 "International Payment Union" authorised in other EEA countries?
Yes. UAB "International Payment Union" 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

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Registered office

Street
Vilniaus m. sav. Vilniaus m. J. Basanavičiaus g. 26
City
Vilnius, 03224

Ratings & reader notes

119 ratings · 0 written notes

4.1(119 ratings)
  • 5★70
  • 4★17
  • 3★11
  • 2★10
  • 1★11

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