As an electronic money institution, UAB TransferGO Lithuania is authorized and regulated by the Bank of Lithuania. This means that they must adhere to strict regulations and guidelines to ensure the safety and security of customer funds.
In 2020, UAB TransferGO Lithuania had total customer funds to be safeguarded of 0 EUR. This means that they did not hold any customer funds at the end of the year. However, it important to note that this figure may change over time as customers deposit and withdraw funds.
Despite not holding customer funds, UAB TransferGO Lithuania generated a gross profit of 13000 EUR in 2020. This indicates that they were able to generate revenue through their money transfer services.
Overall, UAB TransferGO Lithuania is a regulated electronic money institution that offers international money transfer services. They prioritize fast and convenient transfers while ensuring the safety and security of customer funds.
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