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 28 EEA jurisdictions.
Authorised for 5 payment-services activities.
Authorised 5 years ago.
About this institution
Verified active. UAB "PAYRNET" holds a current licence from the Bank of Lithuania, issued 28 August 2020 under reference LB001994. The entity is authorised to provide cash withdrawal services on a payment account, execute payment transactions on a payment account, issue electronic money, issue payment instruments and acquire payment transactions, and safeguard customer funds. These five authorised activities define the scope of the licence as recorded in the Lithuanian register.
The licence extends across the full EEA through passporting into 28 host states. The register lists 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 as the jurisdictions in which the entity's authorisation continues.
Data note: the operational status is confirmed as active as at the last cross-check. The Bank of Lithuania register confirms UAB "PAYRNET" under licence reference LB001994.
EEA passporting
28 jurisdictionsUnder the EU passporting regime, UAB "PAYRNET" can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Italy7
Liechtenstein7
Bulgaria7
Portugal7
Ireland7
Sweden7
Denmark7
Netherlands7
Malta7
Norway7
Czech Republic7
France7
Greece7
Luxembourg7
Croatia7
Slovakia7
Belgium7
Cyprus7
Finland7
Germany7
Hungary7
Poland7
Iceland7
Romania7
Estonia7
Latvia7
Spain7
Slovenia7
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "PAYRNET" is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Safeguarding of customer fundsSAFEGUARDING
- Execution of payment transactions on a payment accountPSD2_3
- Cash withdrawal services on a payment accountPSD2_2
- Issuance of electronic moneyEMI_ISSUANCE
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
Registered office
- Street
- Žalgirio str. 135
- City
- Vilnius, 08217
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