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 8 years ago.
About this institution
Verified active. UAB 'Seven Seas Europe' holds a current Lithuanian e-money licence. The licence authorises execution of payment transactions on a payment account. The licence also covers safeguarding of customer funds. Issuing payment instruments and acquiring payment transactions are further enabled. Issuance of electronic money is also authorised. The licence allows these services to individuals and businesses across the EEA. Execution of payment transactions on a payment account allows the institution to process customer payments. Safeguarding of customer funds requires the institution to keep customer money separate from its own. Issuing payment instruments and acquiring payment transactions enables the institution to issue credit and debit cards. Issuance of electronic money allows the institution to provide digital currency for online transactions.
The licence is passported into 29 host states, covering the entire European Economic Area. The host states include Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France. They also encompass Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia and Liechtenstein. Additional host states are Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. Passporting grants the institution the right to offer its services in each listed jurisdiction without separate licensing. The 29 host states represent all EU member states plus Norway, Iceland and Liechtenstein.
Data note: The licence was granted 21 December 2017, and the register records the entity's authorisation as active. The Bank of Lithuania (reference LB000437) confirms this status as at the last cross-check.
Licence timeline
3 dated eventsDated events for UAB "Seven Seas Europe", 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
25/102
UAB "Seven Seas Europe" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 25th oldest of the 102 dated Lithuania EMI authorisations, one of 15 granted in 2017.
Is your money safe with UAB "Seven Seas Europe"?
UAB "Seven Seas Europe" 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 "Seven Seas Europe" can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Estonia6
Hungary6
Spain6
Poland6
Italy6
Croatia6
Slovenia6
Norway6
Portugal6
Malta6
France6
Liechtenstein6
Bulgaria6
Slovakia6
Finland6
Belgium6
Austria6
Latvia6
Denmark6
Luxembourg6
Ireland6
Iceland6
Germany6
Romania6
Sweden6
Czech Republic6
Greece6
Cyprus6
Netherlands6
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "Seven Seas Europe" is permitted to carry out under its licence, as recorded in the register.
- 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 "Seven Seas Europe" a licensed e-money institution?
- Yes. UAB "Seven Seas Europe" holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000437. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB "Seven Seas Europe"?
- UAB "Seven Seas Europe" 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 "Seven Seas Europe"'s licence or FRN number?
- UAB "Seven Seas Europe"'s licence reference number is LB000437. 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 "Seven Seas Europe" authorised in other EEA countries?
- Yes. UAB "Seven Seas Europe" 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
- A. Goštauto str. 40-1, 03163, Vilnius, Lithuania
- City
- Vilnius, 03163
Ratings & reader notes
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- 4★22
- 3★12
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- 1★20
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