As digital commerce continues to evolve, more businesses in Lithuania are exploring new ways to improve the efficiency and security of their payment processes. One area gaining traction is Open Banking — a framework that enables direct payments between banks, reducing the reliance on traditional card networks and helping companies optimise operations.
Responding to this shift, Noda, a global Open Banking platform, is introducing a dedicated offer for Lithuanian businesses in partnership with Startup Lithuania. The initiative is aimed at startups and small businesses looking to explore alternative payment methods and reduce operational costs.
Addressing Payment Challenges Through Open Banking
Modern merchants — particularly those operating online — often face similar challenges: high transaction fees, slow settlement times, manual reconciliation, and complex compliance requirements.
Noda’s platform focuses on helping businesses tackle these issues through features such as:
- Instant bank payments that remove the need for card processors and reduce transaction fees
- QR code payments for quick, contactless in-person transactions
- Integrated KYC (Know Your Customer) tools that support compliance and user verification
- LTV forecasting and analytics features to better understand customer value
- Improved user experience during checkout, which can contribute to higher conversion rates
The platform currently integrates with over 2,000 banks across 28 countries, including key financial institutions in the EU and UK.
A Local Offer Through Startup Lithuania
Through its partnership with Startup Lithuania, Noda is offering Lithuanian businesses several onboarding benefits, including:
- No setup fees
- Reduced transaction rates
- Support during the integration process
The offer is open to Lithuanian companies that sign up through the programme and mention their connection with Startup Lithuania during registration.
The idea is to give startups a low-barrier way to test Open Banking in practice — especially in sectors like e-commerce, mobility, digital services, and hospitality, where payment speed and efficiency can directly affect customer experience.
A Broader Push Toward Financial Innovation
Aurimas Dambrauskas, Regional Sales Manager at Noda, notes that the initiative is also part of a broader effort to support the growing fintech and startup community in Lithuania.
“Lithuania has built a strong foundation for fintech growth — from regulation and infrastructure to talent. We see this partnership as a way to contribute to that momentum by giving businesses practical tools to improve how they handle payments,” he says.
With increasing attention on real-time, account-to-account payments and tools that simplify financial operations, Lithuania’s startup ecosystem is well-positioned to adopt these kinds of technologies.
Getting Started
In partnership with Startup Lithuania, Noda is offering this exclusive deal to Lithuanian businesses. To get started, simply visit Noda’s site and mention “Startup Lithuania” during registration. The onboarding process is straightforward, and Noda’s team is on hand to assist with any questions.
For many Lithuanian startups, this could be a chance to experiment with Open Banking in a practical, low-risk way — and to see how modern payment infrastructure can support both day-to-day operations and long-term growth.
