WALLESS Assisted PayRay on Getting a Full Banking License from the Bank of Lithuania and the European Central Bank

2019 12 04

Congratulations to our client PayRay who has been granted a full banking license by the Bank of Lithuania and the European Central Bank.

This is the first full banking license issued in Lithuania after more than a decade. This license will allow PayRay accepting deposits and diversifying its funding sources for the SME financing business.

The team of WALLESS who assisted PayRay throughout the licencing process included Joana Baublyte Kulviete, Lina Radaviciene, Simona Kisunaite, Dr. Mindaugas Lukas and others. We are happy to see the fourth banking license obtained by WALLESS clients recently and welcome one more financial institution to the market.

Read more about it here.