Supreme Court Upholds Bank Of Lithuania’s Revocation Of Finolita Unio UAB Licence
The Supreme Administrative Court of Lithuania has delivered a final and binding ruling affirming the …
Lithuania Introduces SEPA Request To Pay For Tax Collection
The Bank of Lithuania is rolling out an innovative SEPA Request to Pay service intended …
Lithuania Law Changes Expected To Supercharge Fines
Lithuania’s parliament (Seimas) has approved changes to its gambling law which are expected to drastically …
New Rules To Reduce Enforcements A 'Win-Win' For Lithuania's Payment Firms
The Bank of Lithuania has recently enacted amendments to regulatory acts allowing for “peaceful” or …
Lithuania Makes New EU Proposals For Fintech Access To Payment Systems
The member state’s delegation to the European Council recommends a greater degree of flexibility in …
Competition Is Increasing Risk Of Financial Crime in Lithuania's Payments Sector
A new Lithuanian government report has identified payments and e-money institutions and virtual asset service …
Lithuanian EU Payment Proposals Aim To Quash E-Money 'Ambiguity'
New proposals seen by Vixio are seeking to provide clear definitions for e-money services in …
Capital Requirement, Regulatory Scrutiny Overshadow Lithuania's Booming Payments Sector
Despite continued strong growth in Lithuania’s e-money and payment institutions sector, concerns over equity capital …
Payment Service Complaints In Lithuania At Record Low, Says Central Bank
The Bank of Lithuania has attributed the decrease in the number of complaints about payment …