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 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 eventsDated events for UAB „NIUM EU“, 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
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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, UAB „NIUM EU“ can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Latvia7
Greece7
Estonia7
Norway7
Portugal7
Italy7
Belgium7
Czech Republic7
Croatia7
Ireland7
France7
Austria7
Germany7
Bulgaria7
Liechtenstein7
Sweden7
Cyprus7
Spain7
Netherlands7
Iceland7
Slovakia7
Denmark7
Hungary7
Malta7
Luxembourg7
Poland7
Romania7
Slovenia7
Finland7
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
Registered office
- Street
- Konstitucijos pr. 7
- City
- Vilnius, LT-09308
Ratings & reader notes
100 ratings · 0 written notes
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- 1★8
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