NSPAY is a financial institution, legal entity code 305652931, based in Lithuania, operating in accordance with the electronic money institution license No. 97 issued by the Bank of Lithuania on 14 May 2024 and authorised to operate in all countries of the European Economic Area (EEA).
It is a Payment Institution specialising in payment and money management solutions for online platforms such as Daskapital, enabling the management of financial transactions within their own digital ecosystems.
NSPAY's platform offers a variety of features, including:
Payment accounts: Allows companies to create payment accounts for their users, where they can receive funds, make payments and store money.
Payments and transfers: Facilitates online payments, money transfers between accounts and international remittances.
E-wallet services: Offers virtual e-wallets that allow users to store and manage their money digitally.
Compliance features: Has built-in compliance features to ensure that transactions comply with financial regulations, such as user identity verification (KYC) and the prevention of money laundering.
Escrow accounts: Allows the creation of escrow accounts, where money is held in custody until certain agreed conditions are met.
NSPAY ensures that all Daskapital user funds are stored in segregated accounts and protected by regulated financial institutions, ensuring transparency and total security in every transaction.
