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...
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