In cooperation with Latest business and finance news from The Baltic Times. Gene Zolotarev on how to destabilize the EU financial system. Best budget smartphones from Latvia-based manufacturer. The latest budget smartphone Just5 SPACER 2s with 4G provides much greater freedom, speed and opportunities for Internet users.

Innovations mean faster electronic payments

  • 2014-07-03
  • From wire reports
VILNIUS - The Bank of Lithuania’s proposal on payment market innovations, submitted this spring, was met with support from payment service providers, reports ELTA. Therefore, as of next year, it will be possible to make payments more quickly and cheaply, says the central bank. “Quite a few market participants responded to the Bank of Lithuania’s invitation, so next year an electronic system of retail payments in euros will begin operating. Its participants will be able to make payments to their customers more quickly and cheaply, and this will increase competition in th...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section