RE: Afternoon all27 Dec 2025 20:12
From Gemini:
Would you like me to track the outcome of their MiCA application once the New Year begins, or perhaps look into their upcoming acquisition of MetaPay in Poland?
As of December 27, 2025, GSTechnologies is in the final days of a critical regulatory window in Lithuania while simultaneously preparing for a geographic expansion into Poland in the first quarter of 2026.
Here are the specific updates on the MiCA license and the MetaPay acquisition:
1. MiCA License Status (Lithuania)
The company’s subsidiary, GS Fintech UAB, is currently in the "post-submission" phase of its application with the Bank of Lithuania.
The Status: The MiCA license application was officially submitted in September 2025. Since then, GST has been responding to detailed follow-up questions from the regulator, specifically regarding the company's corporate ownership structure.
The Hard Deadline: The Bank of Lithuania has set December 31, 2025, as the absolute deadline for applications. Starting January 1, 2026, any firm operating without an approved license (or a valid application under review) will be considered illegal.
Confidence Level: In its December 17 interim report, the Board expressed "optimism" that the license will be granted in due course, allowing their Bake and GS20 platforms to legally serve the entire European Union.
2. MetaPay Acquisition (Poland)
The acquisition of MetaPay SP Zoo is the cornerstone of GST’s strategy to expand its "Angra Global" payment ecosystem.
Completion Timeline: While a legally binding agreement was signed in early 2025, completion has been delayed due to regulatory approvals. It is now officially expected to close in Q1 2026.
The License: MetaPay holds a Small Payment Institution (SPI) license in Poland. This is crucial because it allows GST to offer domestic and cross-border payment services throughout the Polish market.
Rebranding: Post-completion, GST plans to rename MetaPay to Angra Limited Z.O.O. to align it with their global neobanking brand.
Strategic Pivot: Interestingly, GST chose to proceed with MetaPay instead of a previously planned acquisition in Spain (Bonfirepay), as the Board determined the Polish entity was easier to integrate and offered better value.