Authorised EMI in Lithuania, with VISA and Mastercard issuing

About This Company

Ongoing own funds must never fall below the higher of initial capital of EUR 350,000 or regulatory capital under Method D plus PSD2 requirements. That capital rule applies continuously to this operating electronic money institution, where share capital was raised to EUR 5M for a bank upgrade. Transaction terms offer an incoming investor a stake of 25% or 50-60%, while excluding a full buyout. In practice, firms pay an annual supervisory fee of 0.65% of the institution's annual income, with no minimum fee currently in force. A proposed EUR 5,000 minimum fee applies only from 2027. Safeguarding rules require customer funds to be segregated no later than by the end of the next business day in accounts at a central bank or an authorized EU credit institution. These client funds remain legally immune from creditor claims in insolvency. Paying interest on customer balances is prohibited. Infrastructure includes VISA issuing principal membership, Mastercard issuing affiliate membership, CENTROLink, SEPA Instant and SWIFT access. Operational assets involve three companies, proprietary software, a marketplace loyalty programme, and a team of 22 that may stay. Counsel reviews regulatory filings with the Bank of Lithuania to confirm status for the pending consumer credit licence application. Dormancy for more than 6 consecutive months risks formal withdrawal of the licence by the Bank of Lithuania.