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Bittiq launches account information business across Europe
We advised Bittiq – a Netherlands-based company launching account information business across Europe. The Lithuanian subsidiary of Bittiq – Connectly – will be one of the first companies launching the business based on the new service under the second Payment Services Directive (PSDII) – account information service. Connectly enables consumer centric services based on analysis […]
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US-based Square acquires fintech company Verse
We advised electronic money institution Verse Payments Lithuania on all issues related to its indirect acquisition by Square – an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Verse employees will join the Square team, who are developing the Cash App – a peer-to-peer payment app […]
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Hong Kong stock exchange-listed fintech company enters Lithuanian market
We advised CBI Money in the process of obtaining an e-money licence from the Bank of Lithuania. CBI Money is part of China Binary New Fintech Group – a China-based company providing online transaction services and listed on the Hong Kong stock exchange market. CBI Money will be administering payment systems that allow rapid and […]
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Opal Transfer obtains electronic money institution licence in Lithuania
We advised money transfer platform Opal Transfer on obtaining an electronic money institution licence in Lithuania. The company plans to expand its operations in Lithuania and the EU offering users a full range of features of their digital wallets including the possibility to deposit money and to make withdrawals from their wallet account. Well-established fintech […]
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Verse Payments Lithuania obtains electronic money institution licence
We advised Verse Payments Lithuania on obtaining an electronic money institution licence. Verse Payments Lithuania is a social payments app and is a fully owned subsidiary of Verse Technologies, based in Spain. Offers a full range of digital payment features The company plans to expand its operations in Lithuania and the EU offering users a […]