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 Simplex in Receiving E-money Licence from the Bank of Lithuania

WALLESS long-standing client Simplex received an e-money license from the Bank of Lithuania. WALLESS team advising Simplex on licensing and other on-going matters. Israeli based Simplex was one of the first fintech companies to set up in Lithuania and obtained its payment institution license in 2017. Simplex processes credit card payments with a 100% guarantee which ensures that in the event of a fraud chargeback the merchant receives payment from Simplex. The company’s cutting-edge fraud prevention solution and proprietary state-of-the-art AI technology blocks fraudulent users and allows legitimate users to complete payments with ease. E-money license allows Simplex to broaden its products offering.

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.