With a reasonably inexpensive and skilled labor force, quite low taxes, and an easy connection to Target2 and SEPA via the Central Bank’s payment system CENTROlink, Lithuania is a jurisdiction with PayTech-friendly regulation. By pursuing its objective of being the top EU FinTech center, Lithuania has created the perfect environment for the expansion of innovation in the financial services industry. For such a small country, there is a surprising number of various networking events. Hence, considering a Lithuanian API for sale is an excellent step to enter the Fintech sector in the center of the EU.
Lithuanian API for sale: what’s included
- Active authorized payment institution in Lithuania for sale with the possibility to issue IBANs;
- The share capital constitutes 125,000 euros;
- Current Account in Revolut Bank and Paysera;
- Approved current and segregate accounts in EM Bank;
- SME bank account/segregate account opening in progress;
- BIN sponsorship of VISA card issuance;
- White-label software and the full-fledged card back office;
- A license for a front- and back-office card processing gateway program;
- Established customer relationships for POS card processing;
- E-commerce card processing customers;
- The business is run by a team of 10 people;
- Signed contracts with acquirers for the processing of credit and debit cards;
- Office in Vilnius;
- Existing customers for POS terminals and e-commerce;
- Passportization in 15 countries (10 more in progress);
- An upgrade to EMI is possible.
Price&details:
- e-mail: a.shevchuk@eternitylaw.com
- Telegram: @anastasiiaeternitylaw
Table of contents