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Walless Helps UAB Payrnet Obtain E-Money Institution License

Walless Helps UAB Payrnet Obtain E-Money Institution License

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Walless has helped Railsbank Group subsidiary UAB Payrnet obtain an electronic money institution license from the Bank of Lithuania.

According to Walless, “Railsbank is a leading global open banking and RegTech platform that enables any bank, business, or brand to become a FinTech rapidly." According to the firm, "Railsbank opened an office in Vilnius in 2018 and has an engineering team of around 30 people, ensuring the group’s further growth globally.”

Walless’ team included Partner Joana Baublyte-Kulviete, Associate Partner Lina Radaviciene, Senior Associate Simona Kisunaite, and Junior Associate Viktorija Zemaityte.

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