Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
Passports into 29 EEA jurisdictions.
Authorised for 6 payment-services activities.
Authorised 5 years ago.
About this institution
Verified active. UAB „Lux International Payment System" holds an e-money licence (LB002061) issued by the Bank of Lithuania on 18 February 2021. Authorised activities include execution of payment transactions on a payment account. Cash withdrawal services on a payment account are permitted. Cash deposit services on a payment account are permitted. Issuing payment instruments and acquiring payment transactions are also authorised. Issuance of electronic money and safeguarding of customer funds are included.
Cross-checked against the Bank of Lithuania register, the licence is passported into 29 EEA host states. Host states include 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 and Sweden. The licence is classified under the electronic money institution category as defined by Lithuanian law. The entity is headquartered in Lithuania and operates under the jurisdiction of the Bank of Lithuania. The licence is valid for payment account operations within Lithuania and for cross-border activities across the EEA. No additional restrictions on passporting or operational scope are indicated in the register. The licence expires in 2031.
Data note: licence-granted date is recorded as 18 February 2021; the licence remains active as at the last cross-check. Bank of Lithuania's register lists licence reference LB002061 for UAB „Lux International Payment System" and confirms its active status.
Licence timeline
3 dated eventsDated events for UAB „Lux International Payment System“, 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
86/102
UAB „Lux International Payment System“ is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 86th oldest of the 102 dated Lithuania EMI authorisations, one of 12 granted in 2021.
Is your money safe with UAB „Lux International Payment System“?
UAB „Lux International Payment System“ 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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, UAB „Lux International Payment System“ can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Spain8
Iceland8
Czech Republic8
Germany8
Austria8
Poland8
Estonia8
Latvia8
Greece8
Liechtenstein8
Netherlands8
Cyprus8
Luxembourg8
Slovakia8
Malta8
Slovenia8
Ireland8
Portugal8
Italy8
Denmark8
Norway8
Croatia8
Belgium8
Hungary8
Bulgaria8
Finland8
Romania8
Sweden8
France8
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB „Lux International Payment System“ is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Cash withdrawal services on a payment accountPSD2_2
- Cash deposit services on a payment accountPSD2_1
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is UAB „Lux International Payment System“ a licensed e-money institution?
- Yes. UAB „Lux International Payment System“ holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB002061. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB „Lux International Payment System“?
- UAB „Lux International Payment System“ 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 „Lux International Payment System“'s licence or FRN number?
- UAB „Lux International Payment System“'s licence reference number is LB002061. 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 „Lux International Payment System“ authorised in other EEA countries?
- Yes. UAB „Lux International Payment System“ 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
Registered office
- Street
- Šaltinių g. 22
- City
- Vilnius, LT-03233
Ratings & reader notes
90 ratings · 0 written notes
- 5★47
- 4★16
- 3★10
- 2★6
- 1★11
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