UAB „SONECT Europe“ is an electronic money institution focused on providing cash withdrawal platform. Incorporated in Lithuania, UAB „SONECT Europe“ is authorized and regulated by the Bank of Lithuania.
UAB „SONECT Europe“ do not conduct operations with cryptocurrencies.
UAB „SONECT Europe“ is authorized by the Bank of Lithuania (authorization number LB000500) for 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, execution of payment transactions via telecoms, IT system or network operator, account information services. The authorization was granted on 25 April 2019.
Due to EEA passport rules UAB „SONECT Europe“, can conduct its activities in any of the 31 EEA member states. UAB „SONECT Europe“ do not participate in deposit guarantee schemes.