As a payment institution, we received our licence from the National Bank of Lithuania on 23 July 2020, which you can find information about here:
https://www.lb.lt/en/enforcement-measures-1/view_license?id=1957
Our licence is entitled to carry out the following activities throughout the European Union:
| DESCRIPTION OF THE ACTIVITY | NAME OF ACTIVITY | DECISION GRANTING AUTHORISATION | DATE OF AUTHORISATION | COVERAGE |
| Services enabling cash payments to a payment account, and all activities necessary for the management of a payment account | PSD2 - 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account. | No information | 2021.07.14 | No information |
| Services enabling cash withdrawals from a payment account, and all activities necessary for the management of a payment account. | PSD2 - 2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account. | No information | 2021.07.14 | No information |
| payment service; execution of a payment transaction - direct debit, the the payee initiates the payment transaction during which the payer the payment account is debited on the basis of his consent | PSD2 - 3. Execution of payment transactions, including transfers of funds on a payment account: a) execution of direct debits, including one-off direct debits | No information | 2021.07.14 | No information |
| making payment transactions by payment card or similar a cash substitute for cash or other means of payment, including transfer of funds to a payment account | PSD2 - 3. Execution of payment transactions, including transfers of funds on a payment account: b) execution of payment transactions through a payment card | No information | 2021.07.14 | No information |
| payment service; payment transaction - credit transfer, regular payment a regular transfer order, the execution of a payment transaction, the execution of a regular transfer order debited to the payee's account with the payee | PSD2 - 3. Execution of payment transactions, including transfers of funds on a payment account: c) execution of credit transfers, including standing orders. | No information | 2021.07.14 | No information |
| payment services; the payment service provider is contractually obliged to provides a cash substitute payment instrument to the payer/ transfers money to the payee | PSD2 - 5. Issuing of payment instruments and/or acquiring of payment transactions. | No information | 2021.07.14 | No information |
| a payment service where the payer and payee are named without opening a payment account for the payer and the payee | PSD2 – 6. Money remittance. | No information | 2021.07.14 | No information |