Lithuania

Electronic Money and Payment Institutions Shows 20% Growth In Lithuania

At the end of 2019, a total of 115 electronic money institutions (EMIs) and payment institutions (PIs) operated in Lithuania, comprising a one-fifth increase compared to the previous year. According to the audited annual financial statements, corporate income from licensed

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Bank of Lithuania Releases Digital Currency Collector Coin

The Bank of Lithuania will be issuing their blockchain-based LBCOIN digital collector coin LBCOIN on 23 July which claims to be the world’s first of its kind. The development of LBCOIN was initiated during the hackathon held by the central

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Paysera Electronic Payment Network Expands to Kosovo

The electronic payment network Paysera is expanding to Kosovo. The Central Bank of Kosovo has already granted Paysera Kosovo the first Electronic Money Institution (EMI) licence in the country. When Paysera started operating in the Baltics 16 years ago, transfer

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Fintech Week Lithuania Overview: 5 Insights from Keynote-Speakers

This year the Fintech Week Lithuania took place online, and it still managed to provide a solid discussion platform for experts from all over the world. And the discussion was necessary, as the banking industry, as well as the global

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Winners of Lithuanian Fintech Awards

Fintech Week Lithuania yesterday announced the 2020 winners of the first-ever Lithuanian Fintech Awards. The awards recognise the success stories of the past year across numerous areas in fintech, including payments, lending & investing, KYC and analytics. The awards were

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SWG Launching 4th Fintech Focused Accelerator Program in Vilnius

The European Bank for Reconstruction and Development (EBRD) becomes partners of Startup Wise Guys (SWG) fourth Fintech accelerator program starting in autumn 2020 in Vilnius, Lithuania. This program provides investment of up to 100K EUR and an up to 5

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Bank of Lithuania’s Digital Collector Coin Has Entered Its Final Phase

The world’s first blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase. Upon its successful completion, the digital coin should be issued by July 2020. “LBCOIN is

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Fintech Week Lithuania Goes Online

Fintech Inn, the largest Fintech conference in the Baltic region, has been postponed to 28-29 April 2021 due to the Covid-19 pandemic. However, the organisers have come up with an online alternative this summer. Fintech Week Lithuania, taking place on

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Covid-Support: Genome Is Waiving Service Fees for All Low-Risk Businesses

Genome, a Lithuanian fintech company that operates as a financial ecosystem for personal and business use announced that it is showing support for all businesses that will struggle with the retailing of physical goods while switching to e-commerce. For all

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Revolut Bank Launches in Lithuania

Four years ago, Revolut set out to build a new kind of bank. The kind of bank that solves your problems and treats you fairly. And starting today, Revolut takes the first step as they launch Revolut Bank to their

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