LithuaniaRSS

Singapore payments start-up Instarem lands in Lithuania

Lithuania keen on fintech

Singapore-headquartered start-up Instarem has entered the European paytech arena and will now provide international money transfer services from Vilnius in Lithuania. The Bank of Lithuania has issued an approval for the electronic money institution (EMI) licence. As reported last year, the bank, the country’s central bank and regulator, promised to provide preliminary answers to financial […]

Bank of Lithuania to offer regulatory sandboxes for fintechs, calls for public feedback

Aerial view of Vilnius, Lithuania

Fintech companies will soon be able to test their products in Lithuania by creating customised regulatory sandboxes under the supervision of Bank of Lithuania.

DeVere enters international fintech space with Lithuania launch

Lithuania keen on fintech

Financial consultancy firm DeVere Group has taken advantage of Lithuania’s ambitions to attract fintech firms and set up a new office in the capital Vilnius. The Bank of Lithuania, the country’s central bank and regulator, recently issued an electronic money institution licence which made it possible for DeVere to establish its new subsidiary DeVere E-Money. […]

Country spotlight: Lithuania – the young ones

Aerial view of Vilnius, Lithuania

Banking Technology explores a less known – but a noteworthy – destination for fintech in Europe, Lithuania, and its capital Vilnius. Whilst it is realistic that it cannot compete with the European Goliaths such as London or Paris, it wants to carve its own niche in the fintech space, and has quite a lot to offer.

Bank of Lithuania promises one-week response to fintech licence enquiries

Lithuania keen on fintech

Bank of Lithuania, the country’s central bank and regulator, promises to provide preliminary answers to financial institution licence enquiries within one week, “the fastest turnaround in the EU”.

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