Nium EU
Nium EU is the European entity of Nium, a fintech offering multi-currency accounts, global card issuance, and cross-border payment solutions via API.
Fees & Limits
No detailed pricing information available
Cards
No card information available
Security & Compliance
Regulation
- Bank of Lithuania (Lietuvos bankas)License: LB000420. Licensed in Lithuania. Safeguarding: segregated_accounts.
- Compliance CertificationsPCI DSS
App Security
- Two-Factor AuthenticationNot disclosed
NIUM EU is licensed as an Electronic Money Institution in Lithuania (licence valid from 2017-09-28). As an EMI, client funds are safeguarded rather than deposit-insured. Two regulatory sanctions on record: a EUR 40,000 fine (2024-09-10) for multiple AML/CTF violations under Lithuanian anti-money laundering law, and a EUR 10,000 fine (2022-07-05) for submitting incorrect information to the Bank of Lithuania regarding own and client fund balances. No explicit mention of encryption standards, TLS versions, PCI DSS certification, SOC 2, or 2FA methods in the provided page content. Issuer processes card payments (payment card instruments), implying PCI DSS compliance obligations. GDPR compliance is implied by EU/EEA jurisdiction and data protection obligations referenced in the Australian FSG (Privacy Act 1988 compliance noted for AU subsidiary). AML/CTF compliance obligations are a regulatory requirement per Lithuanian law.
Support & Platforms
Available Platforms
Eligibility
Residents Can Open Account (27)
Supported Currencies
Local Account Details1 account
UAB NIUM EU is the EU-licensed entity based in Lithuania. BIC/SWIFT: UAINLT21. IBAN length is 20 characters with LT country prefix. Address: Mesiniu St 5. Nium's platform documentation indicates unique account numbers are issued in the customer's name ('multiple unique account numbers - in your customer's name'), confirming dedicated (non-pooled) accounts. The EUR wallet uses BIC as the account identifier per the Nium multi-currency accounts product page.