Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- Full-serviceTier A
- Tenure
- EstablishedTier A
No EEA passporting on record.
Authorised for 8 payment-services activities.
Authorised 10 years ago.
About this institution
Verified active. UAB TELE2 holds a Lithuanian small electronic money institution licence. The licence authorises safeguarding of customer funds. It enables execution of payment transactions on a payment account. Cash withdrawal services on a payment account are permitted. Money remittance is also authorised. Issuance of electronic money is covered. The entity may issue payment instruments and acquire payment transactions. Execution of payment transactions where funds are covered by a credit line is allowed. Cash deposit services on a payment account are permitted.
The licence was granted 28 January 2016 by the Bank of Lithuania. No passporting information is recorded in the register. Thus, no EEA host states are listed.
Data note: the licence grant date and all authorised activities are as recorded. The register lists reference LB000253, issued by the Bank of Lithuania, status active as at the last cross-check.
Licence timeline
3 dated eventsDated events for UAB "TELE2", 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
Small EMI registration granted by the Bank of Lithuania
Position in the Lithuania register
Lithuania EMIs
102
Active
102
Full / small licences
94 / 8
Licence age rank
6/102
UAB "TELE2" is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 6th oldest of the 102 dated Lithuania EMI authorisations, one of 5 granted in 2016. As a small-EMI registration it operates domestically only - 8 of the 102 Lithuania entries use this lighter regime.
Is your money safe with UAB "TELE2"?
UAB "TELE2" holds a small-EMI registration 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. Small-EMI regimes are national and domestic-only; the exact safeguarding arrangements are worth confirming with the firm and its regulator.
Authorised activities (PSD2 / EMD2)
Payment-services activities UAB "TELE2" is permitted to carry out under its licence, as recorded in the register.
- Cash withdrawal services on a payment accountPSD2_2
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Execution of payment transactions on a payment accountPSD2_3
- Cash deposit services on a payment accountPSD2_1
- Issuance of electronic moneyEMI_ISSUANCE
- Money remittancePSD2_6
Frequently asked questions
- Is UAB "TELE2" a licensed e-money institution?
- Yes. UAB "TELE2" holds Small EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000253. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UAB "TELE2"?
- UAB "TELE2" 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 "TELE2"'s licence or FRN number?
- UAB "TELE2"'s licence reference number is LB000253. 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
- Upės Str. 23
- City
- Vilnius, LT-08128
Ratings & reader notes
0 written notes
Share what you know about UAB "TELE2". Guest comments - no account required. Be kind and on-topic.
No reader notes yet. Be the first to share what you know about this institution.