In OKTO we keep your information and financial details safe, following a strict set of rules. OKTOPAY CONNECT LTD is the programme manager and an authorized Intermediary acting on behalf of UAB “PAYRNET” which is an Electronic Money Institution (“EMI”) and authorised by the Bank of Lithuania under the Law on Electronic Money and Electronic Money Institutions (license no 72, authorization code LB001994, issued on 2020-08-28) for the issuing of electronic money and provision of the related payment services.

Your money is held by UAB “PAYRNET” in the relevant Safeguarded Account (meaning a bank account(s) belonging to UAB “PAYRNET” separate to its own office accounts, into which UAB “PAYRNET” receives money from you, or on your behalf, in return for the issuance of electronic money). Υour money will not be used by UAB “PAYRNET” for any other purpose. In the unlikely event that UAB “PAYRNET” becomes insolvent, your e-money is protected in an EEA-authorised credit institution or the Bank of Lithuania.