digital banking and payment solutions Demivolt, UAB (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. Demivolt is focused on digital banking and payment solutions. The company offers accounts with IBAN, money transfers, payment initiation, card processing, currency exchange to individuals, companies. In 2023 Demivolt, UAB total safeguarded customer funds were 46,000.00 EUR and revenue was 5,000.00 EUR.
WorldwideSimplify your banking experience with Demivolt
End-to-end electronic payment solutions
Transparent pricing structure
Accept local and international payments
Tailor-made solutions for each type of business
(*)as stated by the company itself
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Demivolt, UAB is assigned the overall rating 3.91 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.96) |
| Product Range | Average | (3.05) |
| Market Niche | Broad | (4.00) |
| Company Background | Poor | (2.57) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | Excellent | (4.42) |
| Transparency | High | (3.57) |
| Overall Rating | Good | (3.91) |
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TheBanks.eu has also identified the following pros and cons of the company:
Personal Account is a single-currency account, allowing the account holder to have funds in EUR only.
EUR (Euro)Payment cards are not offered together with Personal Account.
Personal Account is offered to EEA residents, non-EEA residents, company rep.
Personal Account is offered with several pricing plans for different customer groups, namely Category 1, Category 2, Category 3.
Fully-operational European bank account
Up to 5 unique IBAN numbers as a verified Demivolt customer
Send euro-denominated payments across the Eurozone at low costs
Seamless global transactions
(*)as stated by the company itself
Business Account is a single-currency account, allowing the account holder to have funds in EUR only.
EUR (Euro)Payment cards are not offered together with Business Account.
Business Account is offered to EEA low-, medium-risk, EEA high-risk, non-EEA low-, medium-risk.
Business Account is offered with several pricing plans for different customer groups, namely Category 1, Category 2, Category 3.
Demivolt is neither registered with the Financial Crime Investigation Service (FCIS) as a virtual asset services provider, nor offers any crypto assets services. Demivolt, UAB does not conducts any crypto-related activities.
The FCIS is responsible for supervision of the activities of Virtual currency exchange operators and (or) Depository virtual currency wallet operators related to the prevention of money laundering and/or terrorist financing.
Demivolt, UAB is not registered with the FCIS as a virtual asset services provider.
Demivolt do not offer crypto assets services.
Demivolt do not conduct any crypto-related acitivities.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 51.00 | 46.00 | -9.80% |
| Total Equity | 861.00 | 894.00 | +3.83% |
| Revenue | 9.00 | 5.00 | -44.44% |
According to the Electronic Money Directive of the European Union, an electronic money institution must safeguard customer funds in a separate account in a credit institution or invested in secure, liquid low-risk assets. Demivolt keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 46.00 | 100.00% |
| Customer Funds In Credit Institutions | 0.00 | 0.00% |
| Customer Funds In Low-Risk Liquid Assets | 0.00 | 0.00% |
According to the Electronic Money Directive of the European Union, an electronic money institution must maintain a certain level of own funds which is calculated as a maximum of the initial capital required and 2.00 % of its customer's funds. Demivolt own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 46.00 |
| Customer Funds Requirement (2%) | 0.92 |
| Own Funds Requirement | 350.00 |
| Own Funds | 894.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 61 (-1) |  Lightnet EU UAB | 0.00 % | 72,000.00 EUR (+38.46%) |
| 62 (-1) | Demivolt, UAB | 0.00 % | 46,000.00 EUR (-9.80%) |
| 63 (+3) |  UAB „SONECT Europe“ | 0.00 % | 7,000.00 EUR (+133.33%) |
Lithuania
Demivolt, UAB is authorized by the Bank of Lithuania as a e-money institution (authorization number LB002037) for execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, account information services, payment initiation services; the authorization was granted on 26 November 2020.
Demivolt, UAB is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Demivolt is required to safeguard its customers’ money.
Due to EEA passport rules Demivolt, UAB, can conduct its activities in any of the 30 EEA member states.
Demivolt, UAB is a SWIFT member and a SEPA (SCT) scheme participant.
Jogailos str. 4, 01116, Vilnius, Lithuania
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