Get consultation

Send us a request and we will contact you as soon as possible.

Connection with the CENTROlink System of the Bank of Lithuanian Jurisdiction

Published:
March 10, 2025
portrait business man woman sitting office discussing contract 23 2147923310.jpg

CENTROlink is a transaction system controlled and implemented by the Bank of Lithuania and provides access to the Single Euro Payments Area (SEPA). Through its own infrastructure, the Bank of Lithuania provides technical access to SEPA for all types of payment service providers – banks, credit unions, electronic money or payment institutions that are licensed in the European Economic Area (EEA). CENTROlink system connection is a chance to get access to additional opportunities.

Main Stages of Connection with CENTROlink System of the Bank of Lithuania

  1. Full assessment of the payment service provider and identification of risks (Due Diligence). You will need to fill out a questionnaire and send it along with other required documents to the Bank of Lithuania. The application form and the list of required documents are provided separately.
  2. Non-disclosure agreement (NDA) and access to technical documents. If, after evaluating the received data, it is revealed that the payment service provider meets the requirements specified by the Bank of Lithuania, a signed NDA will be prepared and submitted. Signing an NDA does not guarantee a connection to CENTROlink. After the NDA has been signed, technical documentation on the requirements and functions of CENTROlink is provided.
  3. Application for BIC code from SWIFT. Provides information on obtaining a SWIFT/BIC code.
  4. Application for joining CENTROlink and issuing a financial company code for IBAN accounts. An application for connection to the payment system will be prepared and sent. Financial company codes can only be applied to financial institutions that are licensed in Lithuania.
  5. Registration with the European Payments Council (EPC). Mandatory registration with the EPC is required. For more information, contact the Bank of Lithuania.
  6. A Certification Agreement will be prepared and sent. Once signed, you will receive personal certificates to access CENTROlink.
  7. Registration in the test environment of external payment systems. Depending on the SEPA payment scheme you have defined, the Bank of Lithuania will register you in test zones of external systems (STEP2, RT1, etc.).
  8. Testing in CENTROlink and external payment systems. Within the agreed time frame, you will need to pass an important test, which is installed by the Bank of Lithuania in CENTROlink, as well as in external payment systems, respectively, with the SEPA payment scheme you have chosen. After testing, you will need to provide a test report of the prescribed form.
  9. Agreement with the Bank of Lithuania. You will need to fill out a registration form and provide an opinion of legal capacity issued by third-party lawyers and, if you are outside the EEA, an opinion about your country. You do not need to provide a country opinion if at that time the Bank of Lithuania already has an active legal opinion. An agreement for participation in CENTROlink will be prepared and sent for signing.

Registration in external payment systems STEP2, RT1, etc. is carried out within the timeframe established by the respective payment systems.

ELI DEAL has a large list of offers for sale, in particular, in the category “Banking License“. We reccomend you to pay your attention to the recent businesses in thi field:

Our specialists will provide you with full assistance. Conact us anytime.

Related insights

CASP Licensing in Slovakia: Key Questions Answered (2026 Guide)

Slovakia now adheres to the EU-wide regulatory basis for crypto-asset services. National transition has been concluded on 30 December 2025, and regulated activity now needs MiCA authorization from the National Bank of Slovakia (NBS), unless there is another route permitted by MiCA. A CASP license Slovakia is therefore different from the former VASP registration.  Quick…

Read more 08.09.2026

Payment Institution Authorisation (2026 Guide)

A regulated fintech operation in the UK requires more preparation than forming a legal entity and putting a product online. Firms executing payment transactions, providing payment initiation services or giving users access to account information may fall within the FCA’s payment services regulation. The route chosen at the outset affects the structure of the operation,…

Read more 01.09.2026

Swiss SRO Licensed Payment & Crypto Company for Sale

A pre-established Swiss SRO Licensed Payment & Crypto Company is on sale, providing a triggered SAS LPO appointed legal framework to take a step-forward into Swiss financial, payment, and digital assets markets, already holding a Swiss SRO membership for regulated businesses. Switzerland is among the best jurisdictions for fintech and cryptocurrency companies with its transparent…

Read more 01.09.2026

AUSTRAC Digital Currency Exchange (DCE) & Independent Remittance Dealer (IRD) for Sale

Offers are available for a regulated AUSTRAC Digital Currency Exchange &Independent Remittance Dealer business for sale, providing access to Australia’s financial and digital asset exchanges market. For investors seeking a legal foundation already established, it provides faster access to the market than establishing de novo. Why Buy an AUSTRAC compliant business Instead of Registering a…

Read more 28.08.2026

AG or GmbH in Switzerland? Ownership Transparency and Governance in 2026

Choosing between AG and a GmbH is one of the first decisions when establishing a Swiss business. The choice affects available funds, ownership, management and compliance. For business operators considering legal structures in Switzerland, Swiss company formation, how to buy a business or acquiring a ready-made company, the differences should be assessed before entering into…

Read more 26.08.2026

SPI Licensed Company in Poland for Sale

An SPI licensed company in Poland for sale may suit entrepreneurs seeking entry into the local fintech market without building the entire setup from scratch. An established vehicle can provide an existing place within the local financial framework and a history that can be reviewed before the deal. For other opportunities, see the selection of…

Read more 20.08.2026

UAE SCA Category 5 Financial Services License for sale

A UAE SCA licensed company can be a practical starting point for an investor entering the local investment and advisory market. Instead of creating every element from scratch, the purchaser can consider an established setup with an existing UAE Category 5 financial services license and documented history. This option can suit firms working with consultation,…

Read more 19.08.2026

Curacao vs Malta Gaming License: Complete Comparison Guide 2026

Among various decisions made by entrepreneurs, choosing the right best gambling license is a primary consideration for those wanting to establish or buy gaming company. The chosen framework affects reputation, payment methods, customer base, and potential development. Deciding between Curacao vs Malta gaming license is a common issue because both are different in terms of…

Read more 29.07.2026

Best Countries to Register a Company in 2026: Complete Guide for International Businesses

Location choice of a business registration is amongst a great deal of aspects that could influence operations, tax, financial and agreements and expansion overseas. It should be a thoughtful decision that is weighed against different possibilities.  Besides being an attractive option for those who look for the best countries to register a company abroad, corporate…

Read more 29.07.2026

Best EMI License Jurisdictions in 2026: Complete Guide for Fintech Businesses

Selecting one of the Best EMI License Jurisdictions results in quick endorsement, cheaper fees, customer confidence, and the possibility to spread across borders. Here is a short list of top Electronic Money Institution License grantors and key aspects you must keep your eyes on when your fintech company enters the finservices market.  What Is an…

Read more 29.07.2026

What Is a Ready-Made Company? Complete Guide for International Investors

Entering the international market is usually associated with the need for speed, legal security, and efficiency of the organization. For entrepreneurs exploring companies for sale, purchasing such a venture is a much more efficient process than setting up from zero.  A lot of the international investors opt for the purchase of shelf companies since they…

Read more 14.07.2026

How to Buy a Business

Acquisition is a quick way of entering the new commercial areas, diversification of products/services portfolio or reinforcement of commercial positions. The increasing number of businesses for sale on the worldwide market provides an opportunity for entrepreneurs. Ready-made companies offer entrepreneurs a quicker start, but exhaustive law and fiscal evaluation is central.  Some industries demand heightened…

Read more 08.07.2026
Prev
Next
Discover All News