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Ellex Valiunas Helps Witty Global Obtain Electronic Money Institution License in Lithuania

Ellex Valiunas Helps Witty Global Obtain Electronic Money Institution License in Lithuania

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Ellex Valiunas has helped Witty Global, UAB obtain an electronic money institution license from the Bank of Lithuania.

According to Ellex, "Witty Global's electronic money institution license entitles it to issue, distribute, and redeem electronic money, and to provide payment services specified in the Payments Act: Cash withdrawals, debit transfers, issuance of payment instruments and payment processing."

According to the firm, Witty Global, which is owned by UK-based Witty Tech Ltd., "plans to provide its services throughout the European Economic Area, but will primarily focus on Lithuania, Latvia, Germany, France, Spain, Belgium, Poland and Romania."

The Ellex Valiunas team included Partner Ieva Dosinaite, Associate Lawyers Julija Slekonyte and Neringa Mickeviciute, Associate Consultant Mindaugas Moskalionas, Lawyer Domantas Gudonis, and Junior Lawyer Egle Radvilaite.

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