Lithuania is getting ready for implementation of the PSD2

Less than one month is left to transpose the new Payment Services Directive (“PSD2”) in to the national laws of the EU member states. As of the said date entities seeking to obtain a licence to provide payment services must comply with licencing requirements set out in Article 5 of the PSD2. By 13 July 2018 payment services providers licenced under the first Payment Services Directive (“PSD1”) must update their licencing documents and submit the supplemented versions to a regulatory authority.

New requirements under the PSD2 for the licencing can be found here.