Licence of a payment institution issued
The Board of the Bank of Lithuania took a decision to issue a payment institution licence to UAB Kevin EU.
With its licence, the company is planning to carry out money remittances, which will be intended for natural and legal persons paying for services via the company’s system that it plans to create in the future.
The Bank of Lithuania’s strategic directions for 2017–2020 include the development of a FinTech-conducive regulatory and supervisory ecosystem as well as innovation‑fostering in the financial sector. Together with other domestic institutions, the Bank of Lithuania aims to ensure that Lithuania becomes the FinTech hub in the Nordic‑Baltic region (NB8).