PayRay Bank

PayRay Bank UAB is a Lithuania-licensed credit institution focused on financing small and medium-sized enterprises and collecting customer deposits, operating under authorization granted within the European banking framework and supervised by the Bank of Lithuania in cooperation with the European Central Bank. The bank’s core activities center on working-capital solutions such as factoring and business loans, while on the funding side it offers fixed-term deposits to individuals and companies both directly and through cross-border deposit marketplaces (for example, Raisin), with terms and rates set by product and tenor and subject to change. It does not operate as a full-service retail bank and does not market mainstream current accounts, payment cards, or day-to-day payment services to the general public; onboarding and account servicing are primarily online, with a limited physical footprint. Eligible deposits are protected by Lithuania’s statutory deposit guarantee scheme up to €100,000 per depositor per bank, which applies even when accounts are opened via marketplaces; higher balances are uninsured and early termination of fixed terms typically forfeits accrued interest. The bank’s business model is concentrated in SME lending and funded largely by term deposits, which differs from universal banks with diversified income and payment franchises. Availability, documentation requirements, customer support languages, and any fees are set in the bank’s published terms and may vary by customer segment and country of residence; prospective clients should review product sheets, deposit-guarantee jurisdiction, and tax reporting implications before onboarding.