Active EMI in Lithuania for sale with SWIFT and SEPA

Buying it lets a business enter the European payments market, or grow there, through a company that already holds a licence, rather than going through licensing from the beginning.

Licence and regulation

• Licence type: Electronic Money Institution Licence, currently active
• Supervisor: Bank of Lithuania
• Country and market: Lithuania, serving the European Union
• Business model: e-money and payment services
• Passporting: possible within the applicable EU framework

Banking and payments

The payment infrastructure of the EMI is established and supports payment operations internationally. It suits SEPA payments, international transfers and international payment processing, as well as EUR accounts, corporate IBANs, payment accounts and e-money services. Whether SWIFT and correspondent banking are available depends on the banking arrangements the institution currently has.

Activities

Possible lines of business are money transfers and cross-border payments, payment initiation, acquiring services, payment accounts, e-money issuance and payment solutions for corporates.

Advantages

• A Lithuanian EMI that is active and has an EU-regulated structure
• Capabilities for SEPA payments
• Operational infrastructure already in place
• Potential to passport within the EU
• A fit for corporate and fintech business models
• Quicker entry to the market than applying for a new licence