ArcaPay started as a simple service for friends. Over time the business evolved as we carefully tailored our offering for small and medium sized companies. The timeline below shows some of our most important milestones
2021
EMA membership
Joined the Electronic Money Association
EU authorisation
Bank of Lithuania granted a Payment Institution licence to ArcaPay UAB
Business entity in Lithuania
Incorporation of ArcaPay UAB, an EU subsidiary of ArcaPay Ltd
2019
BNI membership
Became a member of Business Network International in Lithuania
2018
Evolution of clientele
First publicly listed company become a client
Regulatory re-authorisation
Granted re-authorisation by the FCA under the revised Payment Services Directive (PSD2)
Currency risk management
FX forwards were added to our product offering
2017
Global coverage
First payment processed outside the European borders
Tools for business
A suite of tools for business made available to clients
2016
Geographical expansion
Expanded our offering to all 19 euro zone countries
FinTech community
Joined the global Think Rise (now Rockit) fintech network
2015
Regulatory status upgrade
Regulatory status upgraded to the Authorised Payment Institution
2014
World bank ranking
First inclusion in the World Bank ranking as the top provider
2011
UK FCA licence
Granted the Small Payment Institution licence by the Financial Conduct Authority
HMRC permission
Obtained the permission from HM Revenue & Customs to act as a money remitter
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