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UAB TeslaPay

Lithuania
3.9(144 ratings)ActiveEMI
View on register

Licence number

LB000463

Authorised since

25 Jul 2018

EEA passports

25

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 25 EEA jurisdictions.

Scope
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
MatureTier B

Authorised 8 years ago.

About this institution

Verified active. UAB TeslaPay holds a current Lithuanian e-money licence. The Bank of Lithuania authorises execution of payment transactions on a payment account. It also authorises safeguarding of customer funds, issuance of electronic money, issuing payment instruments and acquiring payment transactions.

Passporting covers 25 EEA host states, including Austria, Belgium, France, Germany, Italy, Netherlands, Norway, Poland, Spain and Sweden.

License granted on 25 July 2018 as recorded in the register. The Bank of Lithuania, reference LB000463, confirms status as active as of the last register cross-check.

Licence timeline

3 dated events

Dated events for UAB TeslaPay, 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

40/102

UAB TeslaPay is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 40th oldest of the 102 dated Lithuania EMI authorisations, one of 21 granted in 2018.

Is your money safe with UAB TeslaPay?

UAB TeslaPay 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

25 jurisdictions

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

  • SwedenSweden6
  • ItalyItaly6
  • CroatiaCroatia6
  • SlovakiaSlovakia6
  • SloveniaSlovenia6
  • Czech RepublicCzech Republic6
  • GreeceGreece6
  • MaltaMalta6
  • HungaryHungary6
  • DenmarkDenmark6
  • NorwayNorway6
  • LatviaLatvia6
  • FranceFrance6
  • SpainSpain6
  • LuxembourgLuxembourg6
  • BelgiumBelgium6
  • RomaniaRomania6
  • NetherlandsNetherlands6
  • BulgariaBulgaria6
  • AustriaAustria6
  • PolandPoland6
  • FinlandFinland6
  • EstoniaEstonia6
  • GermanyGermany6
  • CyprusCyprus6

Authorised activities (PSD2 / EMD2)

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

  • Safeguarding of customer fundsSAFEGUARDING
  • Issuance of electronic moneyEMI_ISSUANCE
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Execution of payment transactions on a payment accountPSD2_3

Frequently asked questions

Is UAB TeslaPay a licensed e-money institution?
Yes. UAB TeslaPay holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000463. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates UAB TeslaPay?
UAB TeslaPay 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 TeslaPay's licence or FRN number?
UAB TeslaPay's licence reference number is LB000463. 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 TeslaPay authorised in other EEA countries?
Yes. UAB TeslaPay is passported to 25 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

View all institutions in Lithuania →

Registered office

Street
J. Jasinskio str. 16 C
City
Vilnius, LT-03163

Ratings & reader notes

144 ratings · 0 written notes

3.9(144 ratings)
  • 5★71
  • 4★30
  • 3★15
  • 2★8
  • 1★20

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