Cobalt has advised ValorPay UAB on obtaining a payment institution license from the Bank of Lithuania to provide payment services.
According to Cobalt, with the license, ValorPay will be able to offer certain payment services provided in compliance with the Law on Payments, such as direct debits, card payments, credit transfers, acquisition of payment transactions, and money remittances.
Cobalt’s team was led by Partner Akvile Bosaite, Senior Associate Justina Milasauskiene, and Associate Justina Auzbikaviciene.
