foreign exchange and international payments GPS Capital Markets Europe, UAB (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. GPS Capital Markets Europe is focused on foreign exchange and international payments. The company offers foreign exchange, payment processing, FX hedging, exposure management to companies. In 2023 GPS Capital Markets Europe, UAB total safeguarded customer funds were 1.64 mln EUR and revenue was 0.00 EUR.
WorldwideCorporate foreign exchange firm dedicated to managing your company's cross border payments and FX risk
Easily manage all of your payments on your own devices
Customized balance sheet hedging strategies to mitigate your risk and protect your company
Manage and view all of your global bank account details from one portal
Track your FX exposure forecasts over a period of time and help you gain confidence in hedging accurately and efficiently
Net your subsidiaries' obligations to each other to reduce the number of transactions between entities
(*)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, GPS Capital Markets Europe, UAB is assigned the overall rating 2.68 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.96) |
| Product Range | Focused | (2.29) |
| Market Niche | Broad | (3.62) |
| Company Background | Poor | (2.30) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | Low | (1.85) |
| Overall Rating | Average | (2.68) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
GPS Capital Markets Europe 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.
GPS Capital Markets Europe, UAB is not registered with the FCIS as a virtual asset services provider.
GPS Capital Markets Europe do not offer crypto assets services.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 324.00 | 1,642.00 | +406.79% |
| Total Equity | 1,002.00 | 1,101.00 | +9.88% |
| Revenue | 644.00 | 0.00 | -100.00% |
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. GPS Capital Markets Europe keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 0.00 | 0.00% |
| Customer Funds In Credit Institutions | 1,642.00 | 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. GPS Capital Markets Europe own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 1,642.00 |
| Customer Funds Requirement (2%) | 32.84 |
| Own Funds Requirement | 350.00 |
| Own Funds | 1,101.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 44 (+6) |  PAYMONT, UAB | 0.09 % | 1.67 mln EUR (+108.99%) |
| 45 (+10) | GPS Capital Markets Europe, UAB | 0.08 % | 1.64 mln EUR (+406.79%) |
| 46 (+6) |  UAB Travel Union | 0.08 % | 1.50 mln EUR (+110.97%) |
Lithuania
GPS Capital Markets Europe, UAB is authorized by the Bank of Lithuania as a e-money institution (authorization number LB002116) for issuance of electronic money, distribution and redemption of electronic money, execution of payment transactions on a payment account (not covered by a credit line), money remittance; the authorization was granted on 25 November 2021.
GPS Capital Markets Europe, 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, GPS Capital Markets Europe is required to safeguard its customers’ money.
Due to EEA passport rules GPS Capital Markets Europe, UAB, can conduct its activities in any of the 30 EEA member states.
Jogailos g. 4, 01116, Vilnius, Lithuania
+370 5 214 3168
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