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UAB „NIUM EU“

Lithuania
4.1(100 ratings)ActiveEMI
View on register

Licence number

LB000420

Authorised since

28 Sept 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 6 payment-services activities.

Tenure
MatureTier B

Authorised 9 years ago.

About this institution

Verified active. UAB „NIUM EU" possesses a current Lithuanian electronic-money licence, reference LB000420, as cross-checked against the Bank of Lithuania register.

The licence authorises several specific functions: cash withdrawal services on a payment account; issuance of electronic money; issuing payment instruments and acquiring payment transactions; money remittance; execution of payment transactions on a payment account; and safeguarding of customer funds. The entity may operate these services within Lithuania and for passporting across 29 European Economic Area states, namely 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.

Data note: the licence was granted on 28 September 2017. The register lists the licence as active; no other operational status is recorded.

Verified that the Bank of Lithuania records UAB „NIUM EU" under reference LB000420 as active, as of the last cross-check.

Licence timeline

3 dated events

Dated events for UAB „NIUM EU“, 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

18/102

UAB „NIUM EU“ is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 18th oldest of the 102 dated Lithuania EMI authorisations, one of 15 granted in 2017.

Is your money safe with UAB „NIUM EU“?

UAB „NIUM EU“ 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 „NIUM EU“ can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

  • LatviaLatvia7
  • GreeceGreece7
  • EstoniaEstonia7
  • NorwayNorway7
  • PortugalPortugal7
  • ItalyItaly7
  • BelgiumBelgium7
  • Czech RepublicCzech Republic7
  • CroatiaCroatia7
  • IrelandIreland7
  • FranceFrance7
  • AustriaAustria7
  • GermanyGermany7
  • BulgariaBulgaria7
  • LiechtensteinLiechtenstein7
  • SwedenSweden7
  • CyprusCyprus7
  • SpainSpain7
  • NetherlandsNetherlands7
  • IcelandIceland7
  • SlovakiaSlovakia7
  • DenmarkDenmark7
  • HungaryHungary7
  • MaltaMalta7
  • LuxembourgLuxembourg7
  • PolandPoland7
  • RomaniaRomania7
  • SloveniaSlovenia7
  • FinlandFinland7

Authorised activities (PSD2 / EMD2)

Payment-services activities UAB „NIUM EU“ is permitted to carry out under its licence, as recorded in the register.

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

Frequently asked questions

Is UAB „NIUM EU“ a licensed e-money institution?
Yes. UAB „NIUM EU“ holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000420. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB „NIUM EU“?
UAB „NIUM EU“ 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 „NIUM EU“'s licence or FRN number?
UAB „NIUM EU“'s licence reference number is LB000420. 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 „NIUM EU“ authorised in other EEA countries?
Yes. UAB „NIUM EU“ 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
Konstitucijos pr. 7
City
Vilnius, LT-09308

Ratings & reader notes

100 ratings · 0 written notes

4.1(100 ratings)
  • 5★54
  • 4★24
  • 3★10
  • 2★4
  • 1★8

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