providing alternatives to traditional banking Valyuz UAB (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. Valyuz is focused on providing alternatives to traditional banking. The company offers SEPA transfers, SWIFT transfers, ACH transfers, currency exchange, debit cards, personal virtual accounts with IBAN, business virtual accounts with IBAN to individuals, businesses. In 2023 Valyuz UAB total safeguarded customer funds were 53.93 mln EUR and revenue was 4.03 mln EUR.
WorldwideAlternative banking solutions for dedicated IBANs, multi-currency accounts, business debit cards and expense management.
Send and receive wire transfers via SEPA/SWIFT
Available in 212 countries in over 35 currencies
Easily exchange between supported currencies and manage your multi-currency balance
(*)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, Valyuz UAB is assigned the overall rating 3.84 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.96) |
| Product Range | Average | (2.67) |
| Market Niche | Very Broad | (4.37) |
| Company Background | Strong | (3.41) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | Poor | (2.08) |
| Transparency | High | (3.57) |
| Overall Rating | Good | (3.84) |
|---|
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)Personal Card (MasterCard) can be ordered together with Personal Account. Virtual cards are not available.
Personal Account is offered to all countries.
Personal Account is offered with a single pricing plan for all customers.
Valyuz cards are prepaid cards, rather than debit 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.
Valyuz cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.Personal Card is a single currency card, it can be issued in EUR only.
EUR (Euro)Wirecard Card Solutions Limited
Unique dedicated IBANs
Send & receive international wire transfers
Instantly pay in local currencies
Exchange currencies
Receive both virtual and physical international debit cards
Multi-signatory features and bulk payment options
(*)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)Business Card (MasterCard) can be ordered together with Business Account. Virtual cards are not available.
Business Account is offered to all countries.
Business Account is offered with a single pricing plan for all customers.
Valyuz cards are prepaid cards, rather than debit 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.
Valyuz cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.Business Card is a single currency card, it can be issued in EUR only.
EUR (Euro)Wirecard Card Solutions Limited
Valyuz is neither registered with the Financial Crime Investigation Service (FCIS) as a virtual asset services provider, nor offers any crypto assets services. Valyuz UAB conducts some crypto-related activities.
Valyuz UAB is not registered with the Financial Crime Investigation Service as a virtual asset services provider.
Valyuz do not offer crypto assets services.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 32,366.00 | 53,929.00 | +66.62% |
| Total Equity | 734.00 | 1,913.00 | +160.63% |
| Revenue | 6,296.00 | 4,031.00 | -35.98% |
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. Valyuz keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 21,189.00 | 63.96% |
| Customer Funds In Credit Institutions | 0.00 | 0.00% |
| Customer Funds In Low-Risk Liquid Assets | 11,939.00 | 36.04% |
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. Valyuz own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 53,929.00 |
| Customer Funds Requirement (2%) | 1,078.58 |
| Own Funds Requirement | 1,078.58 |
| Own Funds | 1,913.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 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%) |
| 11 () |  UAB „Perlas Finance“ | 2.71 % | 52.41 mln EUR (-6.55%) |
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Valyuz UAB is authorized by the Bank of Lithuania as a e-money institution (authorization number LB000454) for issuance of electronic money, distribution and redemption 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 29 March 2018.
Valyuz 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, Valyuz is required to safeguard its customers’ money.
Due to EEA passport rules Valyuz UAB, can conduct its activities in any of the 30 EEA member states.
Valyuz UAB is a SWIFT member and a SEPA (SCT) scheme participant.
Valyuz UAB is connected to MasterCard payment card scheme.
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