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 market participant
Opal Transfer was established back in 2003 in the UK and was one of the first fintech companies in the money transfer market. The continuously expanding company currently provides international money transfer services to over 300,000 customers, being now active in 38 countries, with loyal customers across Europe.
Our services and team
Our team consisted of partner Augustas Klezys and senior associate Laura Matukaitytė, who advised the client on company establishment, all matters related to applying for an electronic money institution licence, and representing the client at the Bank of Lithuania.