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 5 payment-services activities.
Authorised 8 years ago.
About this institution
Verified active. UAB SatchelPay holds a current licence issued by the Bank of Lithuania on 6 March 2018. 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. This scope covers the full spectrum of e-money and payment transaction handling within the Lithuanian regulatory framework.
The licence extends across the EEA through passporting into 29 host states. The register records active authorisation in 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. This reach reflects the cross-border mobility available under the e-money directive.
As recorded in the Bank of Lithuania register as at the last cross-check, UAB SatchelPay operates under licence reference LB000448 with operational status active.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, UAB SatchelPay can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Poland7
Germany7
Czech Republic7
Sweden7
Luxembourg7
Romania7
Estonia7
Austria7
Hungary7
France7
Spain7
Finland7
Latvia7
Iceland7
Slovakia7
Cyprus7
Liechtenstein7
Croatia7
Denmark7
Netherlands7
Portugal7
Slovenia7
Italy7
Ireland7
Bulgaria7
Malta7
Greece7
Belgium7
Norway7
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB SatchelPay is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
- Safeguarding of customer fundsSAFEGUARDING
- Cash withdrawal services on a payment accountPSD2_2
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is UAB SatchelPay a licensed e-money institution?
- Yes. UAB SatchelPay holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000448. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB SatchelPay?
- UAB SatchelPay 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 SatchelPay's licence or FRN number?
- UAB SatchelPay's licence reference number is LB000448. 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 SatchelPay authorised in other EEA countries?
- Yes. UAB SatchelPay 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
- Upės str. 21-1
- City
- Vilnius, LT-08128
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