Overview
Paymont is a Lithuanian electronic money institution (EMI) that provides multi-currency payment accounts to companies, private individuals and trust funds. The operating entity is PAYMONT, UAB, founded in 2020.
Accounts and payments
The services listed are payment accounts, trust fund accounts, IBAN, foreign exchange (FX) and open banking. Accounts are issued with European IBANs, and payments move over SEPA and SWIFT. Examples of account currencies are EUR, GBP and CZK. Onboarding is done remotely, and the company offers an open-banking API for integration.
Licence
PAYMONT, UAB holds EMI licence number 80 in the official Bank of Lithuania list, which is also its regulator. The company number is 305673740.
Languages
Service is provided in English, Lithuanian and Czech.
Who it suits
A business or trust structure that needs a European IBAN without opening an account at a traditional bank can consider Paymont. The notable feature is the dedicated trust-fund account type. Fees, limits and the list of countries accepted for onboarding should be requested directly.
Links and socials
What they do
Work formats
Subsections
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