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Sorainen Helps Opal Transfer Obtain Electronic Money Institution License in Lithuania

Sorainen Helps Opal Transfer Obtain Electronic Money Institution License in Lithuania

Lithuania
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Sorainen has helped money transfer platform Opal Transfer obtain an electronic money institution license in Lithuania.

Opal Transfer was established in 2003 in the UK and was one of the first fintech companies in the money transfer market. The company currently provides international money transfer services to over 300,000 customers and is active in 38 countries.

According to Sorainen, Opal plans to “expand its operations in Lithuania and the EU offering users a full range of features of their digital wallets including the possibility to deposit money and to make withdrawals from their wallet account.”

The Sorainen team included Partner Augustas Klezys and Senior Associate Laura Matukaityte. 

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