COBALT advised KEVIN EU, UAB in obtaining a licence of a payment institution. KEVIN EU, UAB is the 31st market participant holding this type of licence from the Bank of Lithuania to provide payment services.
With this licence in hand, KEVIN EU, UAB intends to provide money remittance activities and is ready to fulfil all the requirements applicable to a payment institution.
COBALT team advised KEVIN, UAB on all issues related to obtaining the licence, drafted licence application documents and represented the company before the Bank of Lithuania. The team was led by Partner and Head of the Banking and Finance Practice Group Akvilė Bosaitė and Senior Associate Justina Milašauskienė.