Perlas Group provides various financial services, such as collection of utility and other fees, cash transfers/withdrawals, prepaid phone bill replenishment, insurance brokerage services, loans, banking services, etc.
In 2015, Perlas Finance became an electronic payment institution licensed by the Bank of Lithuania and a member of the retail payment system and the SEPA payment system, both administered by the Bank of Lithuania. This enables the company to offer its customers online payment and money transfer services to both individuals and businesses.
Perlas Group provides a wide range of financial services, but payments made through banks require the use of bank-provided bank links or intermediaries (such as Neopay, Paysera), which comes at an additional cost.
As banks in Lithuania have implemented the PSD2 directive, it has become possible to provide Payment Initiation Services (PIS). This allows a licensed intermediary (e.g. Perlas Group) to initiate a payment on behalf of the customer (payer) through the bank of the customer's choice. By implementing this solution, the costs of mediation can be avoided.