Key Data

• Trading Name: GLOCASH
• Legal Entity: UAB Glocash Payment/ Glocash Payment HK Limited
• Activities: Cross-Border Payments
• Location: Lithuania/Hong Kong
• Regulations: licensed by the Bank of Lithuania 
• Key People: not given

Glocash Payment UAB, headquartered in Lithuania, operates as an electronic money institution under the regulatory oversight of the Bank of Lithuania. Founded in 2017, Glocash presents itself as a leading global payment service provider, focusing on facilitating payment processing for e-commerce ventures. The company boasts a multinational presence, with subsidiaries including UAB Glocash Payment and Glocash Payment HK Limited, among others

Offering

Glocash provides cross-border online payment collection services catering to both credit cards and local payment methods.

Its core services compass:

• multi-currency
• global payment processing
• hosted payment page solutions
• customizable processes
• access to various alternative payment products, including international credit card options.

The company positions itself as a comprehensive acquiring and payment solution provider, offering a unified API for global merchants spanning diverse sectors such as video games, digital goods, social applications, subscriptions, and e-commerce.

Regulation

As an Electronic Money Institution (EMI) entity, UAB Glocash Payment has been licensed and regulated by the Bank of Lithuania since its establishment in 2017. Compliance with regulatory standards and adherence to anti-money laundering (AML) and know-your-customer (KYC) protocols are imperative for electronic money institutions, ensuring the integrity and security of financial transactions conducted through their platforms.

Customer Review

Trustpilot: 3.2 Stars with 1 Review:

“They encourage gamers to make payments

They encourage gamers to make payments. In addition to the payments made through glocash igvault, a foreign transaction fee is also charge.”

Conclusion

Due to the critical nature of the few points mentioned, such as poor customer reviews and lack of key people, we rate them on ORANGE.