Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
Passports into 28 EEA jurisdictions.
Authorised for 5 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. Wittix UAB holds a current Lithuanian e-money licence issued by the Bank of Lithuania (reference LB001873). The licence authorises issuance of electronic money, execution of payment transactions on a payment account, issuing payment instruments and acquiring payment transactions, safeguarding of customer funds, and money remittance.
Passporting extends to 28 EEA host states, including 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.
Data note: licence granted 30 May 2019. The Bank of Lithuania records the licence under reference LB001873, status active, as at the last cross-check.
Licence timeline
3 dated eventsDated events for Wittix, UAB, 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
54/102
Wittix, UAB is one of 102 e-money institutions on the Lithuania register, 102 of which are currently active. Its licence is the 54th oldest of the 102 dated Lithuania EMI authorisations, one of 20 granted in 2019.
Is your money safe with Wittix, UAB?
Wittix, 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.
EEA passporting
28 jurisdictionsUnder the EU passporting regime, Wittix, UAB can provide services across the following EEA jurisdictions, in addition to its home authorisation in Lithuania.
Luxembourg7
Netherlands7
Sweden7
Romania7
Hungary7
Slovakia7
Spain7
Finland7
Greece7
Portugal7
Slovenia7
Malta7
France7
Croatia7
Germany7
Poland7
Liechtenstein7
Norway7
Belgium7
Italy7
Bulgaria7
Estonia7
Czech Republic7
Latvia7
Denmark7
Austria7
Cyprus7
Ireland7
Authorised activities (PSD2 / EMD2)
Payment-services activities Wittix, UAB is permitted to carry out under its licence, as recorded in the register.
- Money remittancePSD2_6
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
Frequently asked questions
- Is Wittix, UAB a licensed e-money institution?
- Yes. Wittix, UAB holds EMI authorisation from Bank of Lithuania in Lithuania, licence reference LB001873. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Wittix, UAB?
- Wittix, 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 Wittix, UAB's licence or FRN number?
- Wittix, UAB's licence reference number is LB001873. 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 Wittix, UAB authorised in other EEA countries?
- Yes. Wittix, 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.
Other licensed institutions in Lithuania
Registered office
- Street
- A. Goštauto g. 12A
- City
- Vilnius, LT-01108
Ratings & reader notes
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