Lithuania

Lithuania Grants License for Swiss Fintech that Enables Cash Withdrawals Without ATMs

Sonect, a location-based P2P matchmaking platform that connects those who want to withdraw cash with those who want to deposit it, has obtained its Electronic Money Institution licence from the Bank of Lithuania, which enables the company to operate in

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9 Lithuanian Institutions Join Forces in Fintech Risk Management

Lithuania highly visible on the global Fintech innovation map also becomes a relevant risk management competence centre. By the initiative of Minister of Finance Vilius Šapoka, nine national institutions joined forces for a common goal – to promptly anticipate Fintech

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Lithuania at the Forefront of Fintech Regulation

Marius Jurgilas, Member of the Board of the Bank of Lithuania, met with experts from the International Monetary Fund (IMF) and the World Bank, sharing Lithuania’s experience in creating a fintech-conducive regulatory environment, which falls in line with international best

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Earthport Receives European Payment Institution license in Lithuania

The Lithuanian subsidiary of London-based cross-border payments facilitator Earthport  – Earthport Payment Services UAB – has been granted a Payment Institution license by the Bank of Lithuania. The license allows Earthport to continue providing payment services across the European Union.

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Lithuania Positions Vilnius as a City-Sized Sandbox for Technology Businesses

The Lithuanian capital Vilnius is emerging as the world’s biggest tech sandbox. At an important crossroads of Europe, Vilnius has always been a cosmopolitan city with important commerce that attracted a mix of cultures, languages and religions. Today, the city

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UK Blockchain Opens Newest Office in Vilnius

Blockchain.com announced the opening of a new office in Vilnius, Lithuania. The office, which is Blockchain’s fifth location, will be home to dozens of designers and customer success agents as well as Android Engineers, Backend Engineers and Quality Engineers who

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Kontomatik: Thanks to Lithuania’s Service License- Ready to Rock in 10 Countries

On 17th of February 2019 The Bank of Lithuania granted a license to Kontomatik UAB to provide AIS (Account Information Service License Provider) services in 10 countries without the need to open local branches. According to the decision of the

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Bank of Lithuania’s Position on Virtual Assets and ICO

Taking into account current market developments and evolving regulatory regimes as well as seeking to ensure a level playing field for all financial market participants, the Board of the Bank of Lithuania has updated its position on virtual assets and

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Lithuanian Fintech Company Debifo Merges with European Company

Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo. Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition

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Lithuania’s Fintech Results In 2018: Rising Potential

Over the year, the number of Lithuanian-based FinTech companies and their employees grew by more than 40%. In addition, by number of licensed electronic money institutions, Lithuania was in the lead in continental Europe. The results of the FinTech sector

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