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Verified Payments, UAB

Lithuania
4.6(145 ratings)ActiveEMI
View on register

Licence number

LB000446

Authorised since

13 Feb 2018

EEA passports

28

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 28 EEA jurisdictions.

Scope
Full-serviceTier A

Authorised for 8 payment-services activities.

Tenure
MatureTier B

Authorised 8 years ago.

About this institution

Verified active. Verified Payments UAB holds a current Lithuanian e-money licence LB000446 issued by the Bank of Lithuania. The licence authorises safeguarding of customer funds, money remittance, and cash withdrawal services on a payment account. It also authorises execution of payment transactions on a payment account, cash deposit services, issuance of electronic money, issuance of payment instruments, acquisition of payment transactions, and execution of payment transactions under a credit line.

The licence permits passporting into 28 EEA host states. The host states are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

The licence was granted on 13 February 2018. The entity's authorisation continues as active. Bank of Lithuania, reference LB000446, status verified active as of the last cross-check.

Licence timeline

3 dated events

Dated events for Verified Payments, UAB, 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

28/102

Verified Payments, UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 28th oldest of the 102 dated Lithuania EMI authorisations, one of 21 granted in 2018.

Is your money safe with Verified Payments, UAB?

Verified Payments, UAB 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

28 jurisdictions

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

  • SlovakiaSlovakia12
  • LuxembourgLuxembourg12
  • GermanyGermany12
  • LatviaLatvia12
  • CroatiaCroatia12
  • GreeceGreece12
  • SloveniaSlovenia12
  • SpainSpain12
  • DenmarkDenmark12
  • AustriaAustria12
  • CyprusCyprus12
  • NorwayNorway12
  • MaltaMalta12
  • PolandPoland12
  • Czech RepublicCzech Republic12
  • PortugalPortugal12
  • HungaryHungary12
  • FranceFrance12
  • LiechtensteinLiechtenstein12
  • NetherlandsNetherlands12
  • EstoniaEstonia12
  • FinlandFinland12
  • SwedenSweden12
  • BelgiumBelgium12
  • BulgariaBulgaria12
  • RomaniaRomania12
  • IrelandIreland12
  • ItalyItaly12

Authorised activities (PSD2 / EMD2)

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

  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Issuance of electronic moneyEMI_ISSUANCE
  • Cash deposit services on a payment accountPSD2_1
  • Money remittancePSD2_6
  • Execution of payment transactions on a payment accountPSD2_3
  • Execution of payment transactions where funds are covered by credit linePSD2_4
  • Cash withdrawal services on a payment accountPSD2_2
  • Safeguarding of customer fundsSAFEGUARDING

Frequently asked questions

Is Verified Payments, UAB a licensed e-money institution?
Yes. Verified Payments, UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB000446. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates Verified Payments, UAB?
Verified Payments, UAB 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 Verified Payments, UAB's licence or FRN number?
Verified Payments, UAB's licence reference number is LB000446. 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 Verified Payments, UAB authorised in other EEA countries?
Yes. Verified Payments, UAB is passported to 28 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
Vilniaus m. sav. Vilniaus m. Gedimino pr. 20
City
Vilnius, 01103

Ratings & reader notes

145 ratings · 0 written notes

4.6(145 ratings)
  • 5★108
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  • 3★8
  • 2★3
  • 1★1

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