SumUp EU Payments UAB is an electronic money institution focused on payment processing platform. Incorporated in Lithuania, SumUp EU Payments UAB is authorized and regulated by the Bank of Lithuania.
SumUp EU Payments do not conduct operations with cryptocurrencies.
SumUp EU Payments UAB is authorized by the Bank of Lithuania (authorization number LB001900) for issuance of electronic money, refund 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. The authorization was granted on 27 August 2019.
Due to EEA passport rules SumUp EU Payments UAB, can conduct its activities in any of the 31 EEA member states. SumUp EU Payments UAB do not participate in deposit guarantee schemes.
SumUp EU Payments UAB is a SWIFT member and a SEPA (SCT, SCT Inst, SDD) scheme participant.