Paytend Europe UAB is an electronic money institution based in Lithuania. It specializes in international payments and offers personal e-wallets, prepaid cards, and international payment services to individuals.As an electronic money institution, Paytend Europe UAB is authorized and regulated by the Bank of Lithuania. This means that it must comply with the regulations and requirements set by the central bank to ensure the safety and security of customer funds.In 2020, Paytend Europe UAB had a total of 13.82 million EUR in customer funds that needed to be safeguarded. This indicates that the institution holds a significant amount of customer funds and is responsible for protecting them.Additionally, Paytend Europe UAB generated a gross profit of 464,000 EUR in 2020. This indicates that the institution is financially stable and able to generate income from its operations.Overall, Paytend Europe UAB is a regulated electronic money institution that focuses on international payments and offers various financial services to individuals. Its authorization and regulation by the Bank of Lithuania provide assurance of its compliance with regulatory requirements and the safety of customer funds.

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