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Saturday, 20.04.2024, 03:36
Swiss fintech platform Sonect gets e-money license in Lithuania
BC, Vilnius, 29.04.2019.
Print version
Print versionSonect, a Swiss-based fintech platform that allows its users to withdraw cash without a physical ATM, has received an electronic money institution license from the Bank of Lithuania.
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The license allows the company to provide services across the European Economic Area (EEA).
Sonect Europe, a new company registered in Lithuania this year, will serve as its European headquarters, the government's foreign investment promotion agency Invest Lithuania said.
Founded in Zurich in 2016, Sonect offers a platform that allows its users to withdraw cash from participating cafes, shops, pharmacies or similar establishments using a smartphone.
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