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UAB "PAYRNET"

Lithuania
4.1(132 ratings)ActiveEMI
View on register

Licence number

LB001994

Authorised since

28 Aug 2020

EEA passports

28

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 28 EEA jurisdictions.

Scope
Multi-serviceTier B

Authorised for 5 payment-services activities.

Tenure
MatureTier B

Authorised 6 years ago.

About this institution

Verified active. UAB PAYRNET holds a Lithuanian e-money licence registered with the Bank of Lithuania. The licence authorises safeguarding of customer funds. It authorises execution of payment transactions on a payment account. It authorises issuance of electronic money. It authorises cash withdrawal services on a payment account. It authorises issuing payment instruments and acquiring payment transactions.

The licence permits passporting into 28 EEA host states. These include 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 28 August 2020. The register records the entity's authorisation as active. The Bank of Lithuania's register lists UAB PAYRNET under reference LB001994 as active.

Licence timeline

3 dated events

Dated events for UAB "PAYRNET", 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

76/102

UAB "PAYRNET" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 76th oldest of the 102 dated Lithuania EMI authorisations, one of 17 granted in 2020.

Is your money safe with UAB "PAYRNET"?

UAB "PAYRNET" 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

28 jurisdictions

Under the EU passporting regime, UAB "PAYRNET" can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

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

Authorised activities (PSD2 / EMD2)

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

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

Frequently asked questions

Is UAB "PAYRNET" a licensed e-money institution?
Yes. UAB "PAYRNET" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001994. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB "PAYRNET"?
UAB "PAYRNET" 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 "PAYRNET"'s licence or FRN number?
UAB "PAYRNET"'s licence reference number is LB001994. 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 "PAYRNET" authorised in other EEA countries?
Yes. UAB "PAYRNET" is passported to 28 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
Žalgirio str. 135
City
Vilnius, 08217

Ratings & reader notes

132 ratings · 0 written notes

4.1(132 ratings)
  • 5★70
  • 4★32
  • 3★15
  • 2★6
  • 1★9

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