Type of the license
Electronic Money Institution (EMI)
Permissions available within the EMI license
-Issuing of electronic money
-Execution of payment transactions, including transfers of funds on a payment account with the payment service provider of the payment service user or with another payment service provider: execution of direct debits, including one off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders
-Provision of currency exchange services
-Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account
-Issuing of payment instruments and/or acquiring of payment;
-Third party services, such as investment gold sales to users
-QR code based payments between users both online and physical
Passporting : under implementation to passport in EU countries to provide financial services
IT Platform
-pioneering innovation, company has successfully implemented own the banking core system. This comprehensive system encompasses diverse modules, ranging from General Ledger and IBAN issuance to SEPA payments, Frontend, Backoffice, and beyond. It additionally has its own front end fully developed and connected to the banking core system. This is a key differentiator to the rest of the market, it allows to make payments by scanning QR code or website, to eliminate card exposure on chargebacks. Company can onboard both the client, for example player/better and direct payment
between them on QR system online between the user s, such as a company and a regular user. Users can top up their wallets with either bank transfers or card payment (since it is a top up, no chargeback allocation with the card provider.
GoldBack services we can give immediate rewards to clients when they make the payment through QR code payment system.
Card services
Agreements for card processing have been executed with Tribe Payment ltd and Transact Payments Malta Limited, while card manufacturing partnerships with Thales DIS Deutschland GmbH are solidified. Notably, the card design has received the stamp of approval from Mastercard.
Share capital of 350,000 EUR, supplemented by other reserves
amounting to approximately 250 000 EUR.
Directors/Staff
Directors/Staff: : Company Company boasts three boasts three Board Members Board Members. With . With a robust CEO hailing from the fintech a robust CEO hailing from the fintech sector, the team also includes a dedicated CEO, the team also includes a dedicated CCCO, MLROO, MLRO,, Information Security Officer Information Security Officer and Country and Country Manager. Manager. Operations are also supported by COO and a Program Director currently external to the Operations are also supported by COO and a Program Director currently external to the company. Notably, the existing staff is eager to remain with the company, and individual agreements , and individual agreements will be established with each team member to solidify their commitment. w
Financial
Financial reports: : financial reports are submitted to the Bank of Lithuania on a quarterly basis
Partner Banks and other PSPs
Currently maintains two operational accounts, one safeguarding , and one payment account in account, and one payment account in Lithuania. For currency exchange and transaction capabilities like SEPA and SWIFT at Currency cloud.
CENTROlink: direct connection to SEPA has been approved by, this will enable the issuance of EUR IBANs (featuring its unique BIC EUR IBANs (featuring its unique BIC from SWIFT) from SWIFT) and processing of SEPA payments and processing of SEPA payments.
Price: : 4 million EUR plus capital
Further info:
Valters Gencs, info@gencs.eu, Whatsapp/Telegram/Viber 371-292543441