acquiring services for Digital Virgo merchants UAB "DV Payment" (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. "DV Payment" is focused on acquiring services for Digital Virgo merchants. In 2023 UAB "DV Payment" total safeguarded customer funds were 346,000.00 EUR and revenue was 986,000.00 EUR.
"DV Payment" is neither registered with the Financial Crime Investigation Service (FCIS) as a virtual asset services provider, nor offers any crypto assets services.
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.
UAB "DV Payment" is not registered with the FCIS as a virtual asset services provider.
"DV Payment" do not offer crypto assets services.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 308.00 | 346.00 | +12.34% |
| Total Equity | 520.00 | 560.00 | +7.69% |
| Revenue | 666.00 | 986.00 | +48.05% |
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. "DV Payment" keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 0.00 | 0.00% |
| Customer Funds In Credit Institutions | 346.00 | 100.00% |
| 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. "DV Payment" own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 346.00 |
| Customer Funds Requirement (2%) | 6.92 |
| Own Funds Requirement | 350.00 |
| Own Funds | 560.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 57 (-9) |  Glocash Payment UAB | 0.02 % | 389,000.00 EUR (-53.25%) |
| 58 (-2) | UAB "DV Payment" | 0.02 % | 346,000.00 EUR (+12.34%) |
| 59 (-5) |  UAB "International Payment Union" | 0.01 % | 240,000.00 EUR (-31.03%) |
Lithuania
UAB "DV Payment" is authorized by the Bank of Lithuania as a e-money institution (authorization number LB001941) for issuance of electronic money, distribution and redemption of electronic money, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 15 January 2020.
UAB "DV Payment" 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, "DV Payment" is required to safeguard its customers’ money.
Due to EEA passport rules UAB "DV Payment", can conduct its activities in any of the 30 EEA member states.
J. Galvydžio g. 3, LT-08236, Vilnius, Lithuania
Luxembourg
Liechtenstein
Latvia
United Kingdom
Lithuania
Bulgaria
