TGS Baltic advised Arcapay on obtaining a payment institution licence from the Bank of Lithuania

06.04.2021 TGS Baltic advised Arcapay on obtaining a payment institution licence from the Bank of Lithuania

TGS Baltic client ArcaPay obtained a payment institution licence from the Bank of Lithuania. Operating since 2011, ArcaPay is a UK-based company providing foreign exchange, international payment and currency risk management services to small & medium-sized businesses.

The TGS Baltic team who guided the client through the licensing process was led by partner Zygimantas Stankevicius and senior associate Rasa Blinstrubiene and supported by associate Minvydas Balčiūnas and junior associate Elvinas Kižys.

Virginijus Kausas, CEO of ArcaPay UAB commented: “We have been impressed with the quick and practical support of TGS Baltic. This license is a significant milestone reinforcing our commitment to serving our users in Lithuania and across Europe”.