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Temporary suspension of the provision of services by SatchelPay UAB

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The Bank of Lithuania as the competent Authority in Lithuania has temporarily suspended the right of the electronic money institution SatchelPay UAB to issue electronic money and to provide parts of its services. For further details, also regarding the services SatchelPay UAB may still provide, please see the Public Note of the Bank of Lithuania dated 05.08.2019:

https://www.lb.lt/en/news/bank-of-lithuania-restricted-activities-of-satchelpay

The Bank of Lithuania indicated that the electronic money institution license of SatchelPay UAB has not been withdrawn; only the right to provide certain payment services and issue electronic money has been suspended.