[Dear MuchBetter Customer,
We have an important update regarding the status of your account with MuchBetter via the electronic money institution UAB PayrNet and the procedure of repayment of your money.
Since on 22 June 2023 the Bank of Lithuania (BoL) announced that UAB PayrNet’s electronic money institution license has been revoked, UAB PayrNet has been obliged to settle with you within 15 business days thereafter. As we have already notified you, this term has been extended by the BoL to 22 August 2023.
Being a responsible business, we are worried about the status of your funds and UAB PayrNet’s ability to settle with you. This is why MuchBetter has decided to settle your balances kept in MuchBetter account (held by UAB PayrNet) out of its own funds (even though it is UAB PayrNet who has the obligation to settle with you). Consider this our thank you for your continued support and patience over the past months. However, we will only offer this opportunity to those Customers, who shall continue business with our new company QuickPay Limited based in Ireland, company number 641373, address The Black Church str., Mary’s Place, Dublin 7, Dublin, D07P4AX, Ireland (QuickPay).
In order for MuchBetter to settle with you, you will have to: (i) accept Terms & Conditions and create an account at QuickPay; (ii) consent to your data transfer from MIR Lithuania to QuickPay; and (iii) agree to transfer your claim rights towards UAB PayrNet to MIR LIMITED UK LTD. We will need this before we can settle with you so we can later direct the claim we assumed from you towards UAB PayrNet.
If you would like MuchBetter to settle with you instead of UAB PayrNet as mentioned above, please complete the steps as per the following instructions:
Dear MuchBetter Customer,
We have an important update regarding the status of your account with MuchBetter via the electronic money institution UAB PayrNet and the procedure of repayment of your money.
Since on 22 June 2023 the Bank of Lithuania (BoL) announced that UAB PayrNet’s electronic money institution license has been revoked, UAB PayrNet has been obliged to settle with you within 15 business days thereafter. As we have already notified you, this term has been extended by the BoL to 22 August 2023.
Being a responsible business, we are worried about the status of your funds and UAB PayrNet’s ability to settle with you. This is why MuchBetter has decided to settle your balances kept in MuchBetter account (held by UAB PayrNet) out of its own funds (even though it is UAB PayrNet who has the obligation to settle with you). Consider this our thank you for your continued support and patience over the past months. However, we will only offer this opportunity to those Customers, who shall continue business with our new company QuickPay Limited based in Ireland, company number 641373, address The Black Church str., Mary’s Place, Dublin 7, Dublin, D07P4AX, Ireland (QuickPay).
In order for MuchBetter to settle with you, you will have to: (i) accept Terms & Conditions and create an account at QuickPay; (ii) consent to your data transfer from MIR Lithuania to QuickPay; and (iii) agree to transfer your claim rights towards UAB PayrNet to MIR LIMITED UK LTD. We will need this before we can settle with you so we can later direct the claim we assumed from you towards UAB PayrNet.
If you would like MuchBetter to settle with you instead of UAB PayrNet as mentioned above, please complete the steps as per the following instructions: