Phoenix Payments UAB, operating under the brand name Ibanera, is an electronic money institution based in Lithuania. It specializes in providing alternative banking and payment solutions to individuals, businesses, and online merchants.Some of the services offered by Phoenix Payments UAB include payment processing, mobile point-of-sale solutions, multi-currency IBAN accounts, e-wallet accounts, escrow accounts, debit cards, and prepaid cards. These services cater to a wide range of customers, including escrow agents, individuals, and businesses.As an electronic money institution, Phoenix Payments UAB is authorized and regulated by the Bank of Lithuania. This ensures that the company operates in compliance with the necessary regulations and safeguards customer funds.In 2020, Phoenix Payments UAB had a total of 8.04 million EUR in customer funds to be safeguarded. The company also generated a gross profit of 367,000 EUR during the same year.Overall, Phoenix Payments UAB, operating as Ibanera, provides a range of alternative banking and payment solutions to meet the needs of its diverse customer base.

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