Lithuania

Fintech Startup PayRay Got a Lithuanian Banking Licence

Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted PayRay, UAB a banking licence, authorising it to receive deposits and other repayable funds. The company is currently providing factoring services and microcredits to

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Digital Banks – A Common Practice Or The Distant Future?

Ten years ago we probably haven’t even thought of the possibility to order a bank card online and that there will be no longer need for us to go to the bank unit where, in the end, the number of

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How Danske Bank Became one of The Largest Employers in Lithuania

Currently, Danske Bank employs 3,725 employees and the average salary is 2,500 euros. The original interview was published in 15min.lt by Ernetas Naprys. Danske Bank has created more jobs than the two major banks operating in the country taken together. According to

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Vilnius Ranked as No. 1 City in Tech Startups

Financial Times’ fDi Intelligence division announced the list of 30 cities that have attracted the most greenfield Foreign Direct Investment (FDI) projects of tech startups per capita during the years 2016-2018. Vilnius was ranked as the leading city and outranked cities like Singapore, Tel

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Bank of Lithuania in Final Sandbox Testing with IBM and Tieto for LBChain

The Bank of Lithuania has chosen IBM Polska and Tieto Lietuva, UAB to proceed to the next stage of its endeavour to create LBChain, a blockchain-based technological platform. The winner of the project will be revealed after the final testing

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Bank of Lithuania Provides Recommendations on Raising Capital Through STOs 

The Bank of Lithuania has issued the Guidelines on Security Token Offering (STO) which provide greater regulatory clarity and aim at higher investor protection. “The current focus on security token offerings is taking over the waning interest in initial coin

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The Largest Fintech Conference in Northern Europe in Lithuania this November

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

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Railsbank is Expanding its Vilnius Engineering Team

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

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Paysera Introduces Google and Samsung Payments

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 –

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Stripe Launches in the Baltic

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

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