Earthport gains payment institution licence from Lithuania
The Board of the Bank of Lithuania has issued a payment institution licence to Earthport Payment Services, UAB. Having secured the licence, the company will offer payment services outlined in Lithuanian payments law: credit transfers, issuing of payment instruments and acquiring of payment transactions.
Earthport’s global payment network powers transactions for financial institutions, ecommerce companies, money transfer organisations and payment aggregators. The only beneficial owner of the company is Earthport PLC, a payment institution authorised by the UK’s Financial Conduct Authority and traded on the London Stock Exchange.