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

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.