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Walless Helps SumUp Group Obtain Electronic Money License in Lithuania

Walless Helps SumUp Group Obtain Electronic Money License in Lithuania

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Walless has helped the SumUp Group set up a subsidiary in Lithuania and obtain an electronic money license for it.

SumUp Group’s Lithuanian subsidiary, SumUp EU Payments UAB, will offer a card reader app allowing mobile phones and tablets to be used as payment card terminals and to accept customer payments at a minimal cost. According to Walless, SumUp’s proprietary technology and “innovative approach have made it possible for the smallest businesses to start accepting card payments.” SumUp operates in 31 markets including Europe, Brazil, and the US, and the company employs over 1500 people around the world.

The Walless team included Partner Joana Baublyte-Kulviete, Associate Partner Lina Radaviciene, and Senior Associate Simona Kisunaite.

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