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UAB „SONECT Europe“

Lithuania
2.6(139 ratings)ActiveEMI
View on register

Licence number

LB000500

Authorised since

25 Apr 2019

EEA passports

29

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
Pan-EuropeanTier A

Passports into 29 EEA jurisdictions.

Scope
Full-serviceTier A

Authorised for 8 payment-services activities.

Tenure
MatureTier B

Authorised 7 years ago.

About this institution

Verified active. UAB „SONECT Europe" holds a Lithuanian e-money licence from the Bank of Lithuania. The register records the following authorised activities: cash deposit services on a payment account. Cash withdrawal services on a payment account. Payment initiation services (PIS). Safeguarding of customer funds. Account information services (AIS). Execution of payment transactions on a payment account. Issuance of electronic money. Issuing payment instruments and acquiring payment transactions.

The licence allows passporting to 29 EEA host states, including Germany, France, Spain, Italy, Netherlands, and Poland.

Data note - the licence was granted 25 April 2019. The entity's authorisation remains active. The Bank of Lithuania, reference number LB000500, confirms the entity's authorisation continues.

Licence timeline

3 dated events

Dated events for UAB „SONECT Europe“, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Bank of Lithuania register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. 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

51/102

UAB „SONECT Europe“ is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 51st oldest of the 102 dated Lithuania EMI authorisations, one of 20 granted in 2019.

Is your money safe with UAB „SONECT Europe“?

UAB „SONECT 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.

How e-money safeguarding works → Verify on the register →

EEA passporting

29 jurisdictions

Under the EU passporting regime, UAB „SONECT Europe“ can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.

  • SpainSpain10
  • PolandPoland10
  • BelgiumBelgium10
  • FranceFrance10
  • FinlandFinland10
  • SlovakiaSlovakia10
  • BulgariaBulgaria10
  • NorwayNorway10
  • LiechtensteinLiechtenstein10
  • EstoniaEstonia10
  • GermanyGermany10
  • IcelandIceland10
  • RomaniaRomania10
  • GreeceGreece10
  • SloveniaSlovenia10
  • Czech RepublicCzech Republic10
  • SwedenSweden10
  • LatviaLatvia10
  • CroatiaCroatia10
  • CyprusCyprus10
  • IrelandIreland10
  • NetherlandsNetherlands10
  • PortugalPortugal10
  • ItalyItaly10
  • HungaryHungary10
  • LuxembourgLuxembourg10
  • DenmarkDenmark10
  • MaltaMalta10
  • AustriaAustria10

Authorised activities (PSD2 / EMD2)

Payment-services activities UAB „SONECT Europe“ is permitted to carry out under its licence, as recorded in the register.

  • Cash withdrawal services on a payment accountPSD2_2
  • Cash deposit services on a payment accountPSD2_1
  • Safeguarding of customer fundsSAFEGUARDING
  • Payment initiation services (PIS)PSD2_7
  • Execution of payment transactions on a payment accountPSD2_3
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Issuance of electronic moneyEMI_ISSUANCE
  • Account information services (AIS)PSD2_8

Frequently asked questions

Is UAB „SONECT Europe“ a licensed e-money institution?
Yes. UAB „SONECT Europe“ holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000500. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB „SONECT Europe“?
UAB „SONECT 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 „SONECT Europe“'s licence or FRN number?
UAB „SONECT Europe“'s licence reference number is LB000500. 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 „SONECT Europe“ authorised in other EEA countries?
Yes. UAB „SONECT 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.

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Registered office

Street
A. Goštauto str. 8-227
City
Vilnius, LT-01108

Ratings & reader notes

139 ratings · 0 written notes

2.6(139 ratings)
  • 5★18
  • 4★23
  • 3★21
  • 2★42
  • 1★35

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