Bank of Lithuania Terminates Electronic Money License of UAB Payrnet for Multiple Violations
The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to “serious, systematic and multiple violations of legal act. The company allegedly violated the Law on Electronic Money and Electronic Money Institutions,… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged bank of lithuania, emi, gordon mcharg, lithuania, payments, payrnet, railsbank, railsr