Fintech
Lithuanian regulators revoke licence of payments firm Payrnet
Bankruptcy proceedings are due to start this week against the company, which issues gift cards for many Irish shopping centres
Regulators in Lithuania have revoked the license of Payrnet, a payments firm that issues gift cards on behalf of many of Ireland’s biggest shopping centres.
The move means the company cannot provide any financial services and must return all funds to customers.
Payrnet, which had a license to operate as an electronic-money institution (EMI) across the European Union, is the issuer of gift cards for, among others, the Liffey Valley shopping centre, Mahon Point in ...
