Glocash

Glocash is a licensed payment company for cross-border e-commerce. The legal entity named is UAB Glocash Payment, an electronic money institution licensed by the Bank of Lithuania under licence number 19.

Services The listed services are cross-border collections, global payments, FX and merchant payment processing. In practice this means collecting revenue from online sales across borders, paying out globally and converting currencies within one provider.

Licensing The European EMI and the Hong Kong MSO, which the company also mentions, belong to different jurisdictional regimes. A customer should therefore check which entity will actually hold its funds and provide each service before signing an agreement, since the protections attached to an EMI differ from those of a Hong Kong money service operator.

Who it suits The profile fits online merchants and marketplaces that sell to buyers in several countries and need collection, payout and FX in a single place. Details of fees, supported currencies and settlement periods are not given in the data and should be confirmed with the company.