As an electronic money institution, Nikulipe UAB offers open banking solutions to its customers. Open banking refers to the practice of sharing financial information with third-party providers through the use of application programming interfaces (APIs). This allows customers to access a wide range of financial services and products from different providers through a single platform.In 2020, Nikulipe UAB had no customer funds to be safeguarded, indicating that it does not hold or manage customer deposits. Instead, as an electronic money institution, it likely focuses on providing payment services and facilitating electronic money transfers.Despite not holding customer funds, Nikulipe UAB generated a gross profit of 10,000 EUR in 2020. This indicates that the company was able to generate revenue through its open banking solutions and other services it offers.Nikulipe UAB is incorporated in Lithuania and is authorized and regulated by the Bank of Lithuania. This means that the company operates under the supervision of the central bank and must comply with the regulations and requirements set forth by the Bank of Lithuania to ensure the safety and security of its operations.

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