LV

Market

UAB “PAYRNET”

Registration number
LB001994
Legal address
Žalgirio g. 135, Vilnius, 08217
Country of origin
Lithuania
Supervisory authority

Agent-Rewire EU B.V. The Netherlands

Market segments

Market segment
Payment service providers
Phone
447771788100
Other market segments

Licenses / Types of activities

Electronic money institutions
Freedom to provide services
Payment service providers
Service providers from the EEA
Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account
Date: 01.01.2021
Execution of payment transactions, including transfers of funds on a payment account with the user`s payment provider or with another payment service provider
execution of direct debits, including one-off direct debits
Date: 01.01.2021
execution of payment transactions through a payment card or a similar device
execution of credit transfers, including standing orders
Issuing of payment instruments
Date: 01.01.2021
Acquiring of payment instruments
Date: 01.01.2021
Issuing electronic money
Date: 01.01.2021
Distribution and/or Redemption of electronic money
Date: 01.01.2021

How to become a market participant

In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).

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