Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 4 payment-services activities.
Authorised 6 years ago.
About this institution
Verified active. UAB "Settek" holds a current Lithuanian e-money licence (LB001940) as recorded in the Bank of Lithuania register. The licence authorises issuance of electronic money, execution of payment transactions on a payment account, issuing payment instruments and acquiring payment transactions, and safeguarding of customer funds, all under the Bank of Lithuania's supervision.
The licence is limited to operations within Lithuania; no EEA passporting is listed in the register, so the entity cannot provide services in other European Economic Area states.
Data note: the licence was granted on 13 December 2019, and the operational status is active as at the last cross-check. The register lists the Bank of Lithuania as regulator, reference LB001940, and confirms active status.
Licence timeline
3 dated eventsDated events for UAB "Settek", 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
66/102
UAB "Settek" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 66th oldest of the 102 dated Lithuania EMI authorisations, one of 20 granted in 2019.
Is your money safe with UAB "Settek"?
UAB "Settek" 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "Settek" is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Execution of payment transactions on a payment accountPSD2_3
Frequently asked questions
- Is UAB "Settek" a licensed e-money institution?
- Yes. UAB "Settek" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001940. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB "Settek"?
- UAB "Settek" 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 "Settek"'s licence or FRN number?
- UAB "Settek"'s licence reference number is LB001940. 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.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Lithuania
Registered office
- Street
- Mėsinių g. 5
- City
- Vilnius, 01133
Ratings & reader notes
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