Latest Breaking News On - Lithuanian fintech - Page 4 : comparemela.com

April 3, 2021 @ 7:24 pm By Omar Faridi Lithuania, which has one of the fastest-evolving Fintech sectors in the EU, is experiencing a transformative shift from traditional banking service providers, a trend that’s being supported by the growing number of digital transactions and the launch of new virtual payments startups. The Baltic nation, whose financial sector is still mostly controlled by established lenders such as  Swedbank AB, has been focused on digital transformation efforts for the past few years. Local service providers and authorties are now providing  a greatly simplified, quick licensing process that applies to all 27 European Union member countries. These projects are really beginning to take off, according to a report from Bloomberg which revealed that Lithuania now ranks 4th globally in terms of Fintech adoption and the size of its ecosystem.

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