A B2B cross-border payments provider needed an EU EMI licence to issue e-money and provide payment services across the EEA under PSD2.
CS — 004 · EMI / PSP
Cross-border PSP — Lithuania EMI
Cross-border PSP — Lithuania EMI
EMI authorisation + EUR/USD settlement rails operational.
Case Overview
Challenge
A B2B cross-border payments provider needed an EU EMI licence to issue e-money and provide payment services across the EEA under PSD2.
Approach
Prepared the Bank of Lithuania application, designed the AML programme, appointed a qualified management board, and negotiated SEPA scheme membership and correspondent banking for USD settlement.
Outcome
EMI authorisation granted by Bank of Lithuania. SEPA and SWIFT settlement rails live within one month of authorisation.
Key Deliverables
Bank of Lithuania EMI licence
SEPA scheme membership
USD correspondent banking
PSD2-compliant AML programme
Milestones
01 / 04
Regulatory readiness
Weeks 1u20136
02 / 04
BoL application
Weeks 7u201314
03 / 04
BoL interview
Week 22
04 / 04
Authorisation granted
Month 7
Ready when you are
Tell us where
Tell us where
you want to
operate.
Forty-five minutes with a partner. Jurisdiction memo within seven days. No retainer required to start.
45 min
First call with a partner.
No retainer required.
No retainer required.