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 full range of features of their digital wallets including the possibility to deposit money, to make withdrawals from their wallet account, create events and groups to share expenses, or make payments with QR codes. Verse Payments Lithuania intends to join the CENTROlink system managed by the Bank of Lithuania and use it to make SEPA payments.

Our services and project team

Our team consisted of partners Tomas Kontautas, 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.