alternative banking and payment solutions UAB Maneuver Lt (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. Maneuver Lt is focused on alternative banking and payment solutions. The company offers virtual IBAN accounts, payment cards, international money transfers to individuals, businesses. In 2023 UAB Maneuver Lt total safeguarded customer funds were 61.29 mln EUR and revenue was 5.81 mln EUR. UAB Maneuver Lt is doing business as Genome.
Discover the benefits of online financial services
No more old-fashioned banking
Multiple accounts' opening
Favorable currency exchange rates
Business transfers & payment templates
Shared account access
Account statements and analytics
Real-time notifications
(*)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, UAB Maneuver Lt is assigned the overall rating 4.42 (excellent) which is explained in details below.
| Operating Environment | Very Friendly | (4.96) |
| Product Range | Average | (3.05) |
| Market Niche | Broad | (4.00) |
| Company Background | Strong | (3.88) |
| Customer Support | Excellent | (4.94) |
| Customer Sentiment | Average | (2.96) |
| Transparency | Very High | (4.42) |
| Overall Rating | Excellent | (4.42) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
Personal Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)
USD (US dollar)
GBP (Pound sterling)Both physical and virtual Personal Genome Cards (Visa) can be ordered together with Personal Account.
Dedicated IBANs assigned to Personal Account belong to Lithuania.
Personal Account is offered to UA residents, EEA residents, non-EEA residents.
Personal Account is offered with several pricing plans for different customer groups, namely Ukrainian, EEA Resident, World Resident.
Genome cards are debit cards, rather than prepaid cards.
Debit vs Prepaid Cards.Debit cards do not have a separate balance and are connected to an account ore-wallet. Such cards are loaded automatically when the account/e-wallet is being topped up.Prepaid cards have a separate balance from an account or e-wallet.These cards have to be loaded manually, usually from the account/e-wallet.
Genome cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.Personal Genome Card is a multi-currency card,the funds can be held in different currencies at the same time.
EUR (Euro)GBP (Pound sterling)USD (US dollar)
Dedicated SEPA IBAN account for your business
Make seamless SEPA transfers using your dedicated IBAN
Send money instantly between Genome accounts
Save and schedule transfers
Open up to 5 accounts in Genome in each currency — USD, GBP, and EUR, transfer money between with a flat 1% currency exchange fee
Genome Visa debit card
Manage the account with your team
Start accepting payments, analyze your customers, optimize conversion and create custom payment pages in one place
(*)as stated by the company itself
Business Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)USD (US dollar)GBP (Pound sterling)A payment card can be ordered together with Business Account.
Dedicated IBANs assigned to Business Account belong to Lithuania.
Business Account is offered to low risk industries, high risk industries, Lithuania.
Business Account is offered with several pricing plans for different customer groups, namely Low Risk, High Risk, Lithuania.
Maneuver Lt is neither registered with the Financial Crime Investigation Service (FCIS) as a virtual asset services provider, nor offers any crypto assets services. UAB Maneuver Lt 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.
UAB Maneuver Lt is not registered with the FCIS as a virtual asset services provider.
Maneuver Lt do not offer crypto assets services.
Maneuver Lt do not conduct any crypto-related acitivities.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 57,971.00 | 61,285.00 | +5.72% |
| Total Equity | 4,271.00 | 6,120.00 | +43.29% |
| Revenue | 2,825.00 | 5,810.00 | +105.66% |
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. Maneuver Lt keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 74,705.00 | 99.97% |
| Customer Funds In Credit Institutions | 26.00 | 0.03% |
| 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. Maneuver Lt own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 61,285.00 |
| Customer Funds Requirement (2%) | 1,225.70 |
| Own Funds Requirement | 1,225.70 |
| Own Funds | 6,120.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 8 (-2) |  UAB "Walletto" | 3.61 % | 69.78 mln EUR (-3.68%) |
| 9 (+1) | UAB Maneuver Lt | 3.17 % | 61.29 mln EUR (+5.72%) |
| 10 (+5) |  Valyuz UAB | 2.79 % | 53.93 mln EUR (+66.62%) |
Lithuania
UAB Maneuver Lt is authorized by the Bank of Lithuania as a e-money institution (authorization number LB000453) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, 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; the authorization was granted on 29 March 2018.
UAB Maneuver Lt 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, Maneuver Lt is required to safeguard its customers’ money.
Due to EEA passport rules UAB Maneuver Lt, can conduct its activities in any of the 30 EEA member states.
UAB Maneuver Lt is a SWIFT member and a SEPA (SCT) scheme participant.
UAB Maneuver Lt is connected to Visa payment card scheme.
Vilniaus m. sav. Vilniaus m. Žalgirio g. 88, 09303, Vilnius, Lithuania
+370 52141409English
German
UkranianManeuver Lt has profiles on the following social networks:
United Kingdom
Lithuania
France
France
Luxembourg
SloveniaNo. UAB Maneuver Lt is not a bank, but an electronic money institution authorized and supervised by the Bank of Lithuania (ref number: LB000453).
Its SWIFT code is MNNELT21XXX where
MNNE - institution code
LT - country code (Lithuania)
21 - city code (Vilnius)
XXX - branch code (XXX stands for any branch)
Maneuver processes credit card and bank paymentsin a secure PCI DSS Level 1-certified environment. Maneuver handles user identity verification to prevent fraud and ensurecompliance with KYC and AML regulations.As an e-money institution, the company is required to keep its clients fundsseparated from its own and other types of funds.
