Please note that we have amended our general terms and conditions. Please click here to read the amended WALLESS general terms and conditions, which became effective as of 1 November 2021.
Please note that we have amended our general terms and conditions. Please click here to read the amended WALLESS general terms and conditions, which became effective as of 1 November 2021.

WALLESS Assisted Safe Connect, UAB in Obtaining a Payment Institution License from the Bank of Lithuania

Safe Connect, UAB has been granted a payment institution license by the Bank of Lithuania. This license will allow Safe Connect, UAB to offer payment services indicated in the Republic of Lithuania Law on Payments.
After receiving a payment institution license, the company plans to operate similarly to Safe Connect Ltd, an institution licensed in the United Kingdom, by offering open banking and account information and payment initiation services. Given Brexit, Safe Connect Ltd customers based in the EEA will continue to be served by the institution operating in Lithuania.
Safe Connect UAB’s direct shareholder holding 100% of its shares is Yapily Ltd., a company registered in the United Kingdom with the main shareholders from Italy, Germany, and Guernsey.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.