Lithuania
Scandinavian Markets Conquered by a Solution Developed in Lithuania
Five years ago, Danish consumers were introduced to a new app, MobilePay. The free of charge and user-friendly solution gave smartphone owners the opportunity to make instant payments knowing just the phone number of the beneficiary. This was the start
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TransferGo receives EMI license from Bank of Lithuania
In July, Bank of Lithuania granted an electronic money institution (EMI) license to TransferGo. “We believe that this license will allow us to offer an even better product for international payments in the European Economic Area, because when you hold
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This Fintech Startup Makes Investing in Real Estate as Simple as Shopping Online
Corporate bond offerings were always one of the most compelling ways to invest. Usually, it is considered a big players game. But Lithuanian real estate development crowdfunding startup Röntgen is about to disrupt that stereotype. The platform successfully distributed 14-months
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Lithuania Welcomes Blockchain and Creates a Growing Crypto Ecosystem
The world is dealing with a widespread adoption of cryptocurrencies, and it’s not an easy ride. Bitcoin, the world’s largest digital currency, is down more than 50% this year, and 66% down from its all-time high of almost $20,000 in
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Cashless Payment Company Chooses Lithuania as European Base
Nayax, a global payment solutions and management platform for unattended retail, has announced the opening of a new office within Europe, Nayax Europe UAB. Nayax Europe will be situated in Lithuania, the issuing country of the required operating license for
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Lithuania Introduces Remote Fintech Licensing
Bank of Lithuania – the country’ regulator – has introduced a procedure which will allow companies to apply remotely for Fintech licences. T his regulatory technology tool willfacilitate the process of submitting and managing applications for e-money and payment institution
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10 Exciting Fintech Startups from Lithuania to Keep an Eye on
Lithuania, which have been promoting itself as gateway destination to the European market for fintech startups from across the world, has seen its digital finance and fintech sector grow rapidly in the past years. In 2017, the country saw no
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Bearingpoint’s Regtech Solutions Open Up Lithuanian Market
BearingPoint’s RegTech platform Abacus has been taken up by Citadele Bank Lithuania. With the Lithuanian commercial bank, the international management and technology consultancy BearingPoint adds a new country to its global footprint. Citadele Bank decided for BearingPoint’s tried and tested
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Lithuania to Introduce Blockchain Sandbox in 2019
Lithuania is looking to become the first ever country to offer entities from around the world the opportunity to register and manage companies using blockchain technology. These Virtual Limited Liability Companies (VLLCs) would benefit from an innovation-friendly “sandbox” regulatory system
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