WALLESS Assisted Ambr Group in Setting Up a Subsidiary in Lithuania and Obtaining an Electronic Money License from the Bank of Lithuania

WALLESS assisted Ambr Group’s Lithuanian subsidiary – Ambr Payments UAB – on axquiring an electronic money license by the Bank of Lithuania. This license will allow Ambr Payments UAB to issue electronic money and provide payment services. Ambr Payments UAB is setting up B2B business, which targets small and medium enterprises making sales in European online marketplaces. The core services Ambr Payments UAB will offer are going to be based on payment acquiring as well as the issuance of e-money for their clients and providing clients’ possibility to transfer issued e-money to other recipients.