Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- SpecialistTier C
- Tenure
- MatureTier B
Passports into 29 EEA jurisdictions.
Authorised for 4 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. UAB 'PHOENIX PAYMENTS' holds licence LB000477 granted by the Bank of Lithuania on 20 November 2018. The license authorises safeguarding of customer funds and issuance of electronic money. It also authorises execution of payment transactions on a payment account and the issuance and acquisition of payment instruments. All authorisations are recorded pursuant to the Bank of Lithuania's electronic money supervision regime. These authorisations include the ability to create electronic money balances, accept customer deposits, and process payments on behalf of clients. The licence is issued under Lithuanian electronic money supervision, ensuring compliance with EU regulations and national supervisory standards.
The licence permits passporting into 29 EEA host states for electronic money services. Including 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. Passporting allows the institution to operate in these states under the same regulatory framework without separate licences. This cross-border presence is essential for facilitating customer access to electronic money services across the EEA.
The register records the licence-granted date as 20 November 2018 and lists 29 passporting host states. There are no indications of operational changes in the current record. The last cross-check confirms that the licence remains active, with no recorded revocation or suspension. Bank of Lithuania, reference LB000477, status active as at the last cross-check. The regulator, Bank of Lithuania, maintains the register under the electronic money oversight scheme.
Licence timeline
3 dated eventsDated events for UAB "PHOENIX PAYMENTS", 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
43/102
UAB "PHOENIX PAYMENTS" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 43rd oldest of the 102 dated Lithuania EMI authorisations, one of 21 granted in 2018.
Is your money safe with UAB "PHOENIX PAYMENTS"?
UAB "PHOENIX PAYMENTS" 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 "PHOENIX PAYMENTS" can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Portugal6
Hungary6
Luxembourg6
Cyprus6
Latvia6
Czech Republic6
Poland6
France6
Slovakia6
Finland6
Croatia6
Spain6
Malta6
Slovenia6
Estonia6
Italy6
Germany6
Sweden6
Ireland6
Romania6
Austria6
Denmark6
Greece6
Norway6
Bulgaria6
Netherlands6
Belgium6
Iceland6
Liechtenstein6
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "PHOENIX PAYMENTS" is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is UAB "PHOENIX PAYMENTS" a licensed e-money institution?
- Yes. UAB "PHOENIX PAYMENTS" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000477. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB "PHOENIX PAYMENTS"?
- UAB "PHOENIX PAYMENTS" 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 "PHOENIX PAYMENTS"'s licence or FRN number?
- UAB "PHOENIX PAYMENTS"'s licence reference number is LB000477. 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 "PHOENIX PAYMENTS" authorised in other EEA countries?
- Yes. UAB "PHOENIX PAYMENTS" 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
- Vilniaus m. sav. Vilniaus m. Mėsinių g. 5
- City
- Vilnius, 01133
Ratings & reader notes
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- 3★9
- 2★1
- 1★5
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