TGS Baltic advised TBF Finance on obtaining a payment institution license from the Bank of Lithuania

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On 24 July 2018, TBF Finance, UAB received a license allowing issuance and acquiring of payment instruments. TBF Finance service allows, among other things, eCommerce merchants to accept any kinds of online payments via credit cards and by the foremost popular electronic payment systems. For more information on TBF Finance, see

TGS Baltic project team led by Associate Donatas Šliora assisted the client with the establishment of the company, preparation of licencing documents, advised the client on the applicable regulatory framework as well as represented the client before the Bank of Lithuania and other third parties.