Provide E-money services such as e-wallets and cards to 512 million consumers across Europe.
E-money (EMI) Licence
Lithuania
E-money EMI Licence Lithuania - Electronic Money Institution Licence Lithuania
If you wish to obtain an E-money (EMI) licence in Lithuania, you will need to apply to the Bank of Lithuania for authorisation as an E-money / Electronic Money Institution, in Lithuania.
Below you will find the key information about obtaining an E-money (EMI) licence in Lithuania. If you wish to become an EMI licence holder in Lithuania, you must meet the Lithuanian regulator's conditions and procedures.
Buckingham Capital Consulting can help you to become an EMI
E-money licence in Lithuania by offering a full end-to-end service, from company formation to complete E-money / Electronic Money Institution licence preparation and management.
A fully managed end-to-end service
EMI Licence
Company Formation
Safeguarding bank account
Payment System, E-wallets & apps
Visa/MastercardCard Issuing
E-money Licence process in Lithuania
Services provided by an E-money / EMI licence holder (Electronic Money Institution) in Lithuania
An Electronic Money Institution / E-money licence holder in Lithuania enables the licence holder to offer a number of services:
- Issuing of electronic money e.g. prepaid cards and electronic wallets.
- services enabling cash to be placed on a payment account and all the operations required for operating a payment account;
- services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;
- the execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider, including, execution of direct debits, including one-off direct debits; execution of payment transactions through a payment card or a similar device; execution of credit transfers, including standing orders;
- the execution of payment transactions where the funds are covered by a credit line for a payment service user, including, execution of direct debits, including one-off direct debits; execution of payment transactions through a payment card or a similar device; (iii)execution of credit transfers, including standing orders;
- issuing payment instruments or acquiring payment transactions;
- money remittance;
- payment initiation services;
- account information services.
Lithuania EMI E-money Licence Application Fee
The application fee for the E-money licence in Lithuania is EUR 1,463. The fee is paid when you submit your licence application online.