Phoenix Payments UAB is an electronic money institution focused on alternative banking and payment solutions. Phoenix Payments UAB offers payment processing, mobile point-of-sale, multi-currency accounts, e-wallet accounts, escrow accounts, debit cards, prepaid cards to escrow agents, individuals, businesses, online merchants. Incorporated in Lithuania, Phoenix Payments UAB is authorized and regulated by the Bank of Lithuania. Phoenix Payments UAB is doing business as Ibanera.
Phoenix Payments UAB do not conduct operations with cryptocurrencies.
Phoenix Payments UAB is authorized by the Bank of Lithuania (authorization number LB000477) for 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 20 November 2018.
Due to EEA passport rules Phoenix Payments UAB, can conduct its activities in any of the 31 EEA member states. Phoenix Payments UAB do not participate in deposit guarantee schemes.