UABPAY, the trading name for the legal entity UAB 'PAYRNET', was a Lithuanian-based Electronic Money Institution (EMI) that offered a suite of B2B financial services. Its mission was to simplify cross-border payments for businesses by providing dedicated multi-currency IBAN accounts, currency exchange services, and global payment processing. However, the company's EMI license was revoked by its regulator, the Bank of Lithuania, in late 2023 due to significant and systematic regulatory breaches, effectively halting its authorized financial operations.

Founded in

Myanmar