Archive
Lithuania Issues 2 Electronic Money Institution Licence
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
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Vilnius Factoring Company to Issue €10 million in New Microloans with EU Support
Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities
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Real Estate Crowdfunding Startup From Lithuania Raises Over €5m
One year in the market, and the real estate investment start-up Profitus is already counting its achievements and envisaging future challenges. The crowdfunding platform Profitus just raised over €5,315,000 and funded 28 real estate projects. The founder and head of
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Estonia Seeking to Make e-Residency More Efficient for Entrepreneurs
The Estonian government approved the e-Residency 2.0 action plan at a Cabinet meeting last Thursday, with the objective of making the e-Residency program more secure, more beneficial for Estonian entrepreneurs, and more convenient for the e-residency community. Prime Minister Jüri
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Nets Sells its Account-to-Account Payment Business to Mastercard for 2.85b Euro
Nets, a European PayTech company and Mastercard announced that Mastercard has entered into agreement to acquire Nets’ account-to-account based services including clearing and instant payment services, and e-billing solutions for €2.85 billion. The transaction is fully aligned with Nets’ European
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The World’s First Digital Collector Coin is Under Way in Lithuania
The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020. “We are moving from an idea to its
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Following On The Steps Of Neighbor Estonia, Lithuania Introduces E-Residency Program
Lithuania is following on the steps of its Baltic neighbor Estonia and introduced an e-residency program for foreigners. According to a report by LRT, the Lithuanian government has passed a legal amendment allowing foreign nationals to obtain the status of
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