A regulatory environment conducive to the development of the fintech industry, and ongoing dialogue between market players and institutions has helped Lithuania sustain its position as a fintech hub.
In recent years, the financial sector has seen some of the biggest changes in the way technology is used. New regulations and disruptive technologies like blockchain, along with the rise of open banking, have seen traditional players scrambling to keep up with more agile newcomers.
ConnectPay, one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, joined hands with Salt Edge, a leader in providing open banking solutions, to offer the best payments experience to its customers in Germany and the Netherlands.