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Where is my electronic money account hosted?

Railsr, based in London (UK), is our banking partner.

Due to Brexit, its subsidiary UAB Payrnet, based in Lithuania, holds the e-money institution licence for the European market.
As a regulated EMI, UAB Payrnet relies on an escrow bank with a segregated account: the Bank of Lithuania (European Union).

This is why your e-money account is located in Lithuania (European Union).

Please see our blog, including this article to learn more about our banking partner.

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