As an electronic money institution, Verified Payments, UAB is authorized and regulated by the Bank of Lithuania. This means that the company is subject to regulatory oversight and must comply with the relevant laws and regulations governing electronic money institutions in Lithuania.Verified Payments, UAB offers a range of white-label payment solutions, allowing businesses to offer their own branded payment services to their customers. This includes virtual personal and business IBAN accounts, which can be used for receiving and making payments in multiple currencies.The company also offers debit cards, although this service is listed as “coming soon” and may not be available at the time of writing. These debit cards can be linked to the virtual IBAN accounts, allowing customers to make purchases and withdraw cash.In addition to these services, Verified Payments, UAB also provides SEPA transfers, SWIFT transfers, and international payments. This allows customers to send and receive money both within the SEPA region and internationally.Currency exchange services are also offered, allowing customers to convert funds between different currencies at competitive rates. This can be useful for businesses and individuals who need to make payments or receive funds in different currencies.Verified Payments, UAB also provides customer payments processing services, allowing businesses to accept payments from their customers. This can include online payments, mobile payments, and other payment methods.In terms of safeguarding customer funds, Verified Payments, UAB had a total of 2.92 million EUR in safeguarded customer funds in 2020. This means that customer funds are held in segregated accounts and are protected in the event of the company insolvency.Overall, Verified Payments, UAB offers a range of white-label payment solutions and services for individuals, businesses, financial institutions, and merchants. The company is authorized and regulated by the Bank of Lithuania, providing assurance of its compliance with regulatory requirements.

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