UAB Bitė to be issued a license of a payment institution with restricted activities

The Board of the Bank of Lithuania decided to issue to UAB Bitė a license of a payment institution with restricted activities, which gives the right to provide the payment service specified in Article 5(7) of the Law on Payments of the Republic of Lithuania. These are payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunication, digital or IT device and the payment is made to the telecommunication, IT system or network operator, acting only as an intermediary between the payment service user and the supplier of the goods or services.