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 25 EEA jurisdictions.
Authorised for 4 payment-services activities.
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 eventsDated events for UAB TeslaPay, 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
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.
EEA passporting
25 jurisdictionsUnder the EU passporting regime, UAB TeslaPay can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Sweden6
Italy6
Croatia6
Slovakia6
Slovenia6
Czech Republic6
Greece6
Malta6
Hungary6
Denmark6
Norway6
Latvia6
France6
Spain6
Luxembourg6
Belgium6
Romania6
Netherlands6
Bulgaria6
Austria6
Poland6
Finland6
Estonia6
Germany6
Cyprus6
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
Registered office
- Street
- J. Jasinskio str. 16 C
- City
- Vilnius, LT-03163
Ratings & reader notes
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