European and global fintech companies, investors and everyone interested in the latest financial technology will turn their attention to Lithuania. Here the largest financial technology conference Fintech Inn in Northern Europe and the Baltic States will be held for the 4th year in a row. With over 60 speakers presenting the latest and hottest fintech trends, the event is expected to attract over 3000 participants representing more than 500 companies worldwide. “This year we have invited a very impressive group of speakers from all over the world – from the USA and Canada to Germany, China and Brazil. This is…

Tradeshift and Monerium announce the successful completion of a transaction that marks a major step forward in business payments and finance. Using Tradeshift’s platform and smart contracts on the Ethereum blockchain, Icelandic retailer Nordic Store purchased goods from IKEA Iceland and settled an e-invoice with Monerium’s programmable digital cash. Future of business payments is now operational With the transaction, Monerium and Tradeshift prove government-regulated, programmable e-money is ready for mainstream markets. A new category of blockchain-powered payments is now a reality. “Programmable money regulated by governments will become the foundation for e-commerce payments because they enable so called ‘smart contracts.’…

Railsbank, a London-based leading global open banking and RegTech platform that has opened an office in Vilnius in 2018 announces that it has raised $10m in a Series A funding round, led by Moneta Capital and joined by CreditEase, Clocktower Technology Ventures, Singapore Life and existing investors including Firestartr. Railsbank is growing fast and currently expanding the Vilnius engineering team. Railsbank is an API based financial innovation and growth platform, designed for developers and product managers to rapidly conceptualise, prototype, build, launch and scale a financial services business, whether it be in one country, or around the world. Team in…

From now on, Paysera VISA payment cards can be linked to Google Pay and Samsung Pay to purchase goods and services simply by holding a smart device to a contactless card reader. “Mobile payments are not a new thing – the whole payments market is moving towards making payments as easy as possible. Mobile payments give you freedom: you can forget about your wallet, your payment card, or your PIN. All you need is a smart device that supports NFC functionality and a contactless card reader”, says Vytenis Morkūnas, CEO of Paysera LT. “By enabling our clients to pay this…

Stripe officially launches its services in Estonia, Latvia and  Lithuania helping internet businesses in these countries to start, grow, and scale their business globally and accept money from anywhere in the world.  They also started their services in five other countries: Greece,  Poland, Portugal, Slovakia, and Slovenia. “Central and Eastern Europe has a lot of entrepreneurial and technological talent, and we believe even more of its companies could be expanding globally,” says Felix Huber, Head of Central and Eastern Europe, Middle East, and Africa, at Stripe. “Stripe aims to empower more companies from this region to export their creativity and…

The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and certain payment services. Having secured the licence, SumUp intends to offer similar payment services as those already provided by SumUp Payments Limited – an electronic money institution which belongs to the SumUp Group and is licensed in the United Kingdom. The SumUp Group offers a card reader app allowing mobile phones and tablets to be used as payment card terminals and to accept customer payments at minimal cost.…