WALLESS Assisted Clearshift in Setting Up a Subsidiary in Lithuania and Obtaining an Electronic Money License

2020 03 19

WALLESS assisted Clearshift (US) Company in setting up a subsidiary in Lithuania and obtaining an electronic money license.

This license will allow Lithuanian subsidiary of Clearshift (US) Clearshift UAB to issue electronic money and provide payment services. Clearshift UAB will conduct the business of the group, offering online B2B cross-currency payment services. Clearshift UAB intends to provide its clients with a possibility to use Clearshift services for payment transfers, issue e-money and operate e-money accounts opened with Clearshift UAB.

WALLESS team who assisted Clearshift UAB throughout the licensing process included Gediminas Rečiūnas, Simona Kišūnaitė and Akvilė Marozaitė.