Lithuania yearns now quality, not quantity in fintech sector

  • 2022-01-04
  • Linas Jegelevicius, The Baltic Times editor-in-chief
Until recently, fintechs were popping up in Lithuania like mushrooms after a warm summer rain. But now, Lithuania, deemed one of the biggest fintech hubs in Eastern and Central Europe, pushes on the brake pedal, sowing uneasiness in the sector – what to expect next? The Bank of Lithuania says now that quality, not quantity of fintechs will matter to the country’s financial watchdog most. The bank set out its expectations for electronic money and payment institutions in a letter to fintech managers. High quality standards will be especially a...
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