London
Economy

Direct flight Vilnius – London to be launched

On May 1, a new direct flight Vilnius – London is launching. It will operate from Vilnius (VNO) direct to London City Airport (LCY) meaning that it has never been easier to visit, Vilnius, Lithuania’s […]

#switch
Economy

Fintech in Lithuania: can we take the leading position already?

Lithuania’s image on the international scene is promising: in 2017 alone, 35 fintech companies were established here, and a few weeks ago the 16+1 Heads of Government of China and the countries of Central and Eastern Europe agreed to set up a financial technology coordination centre and organise a high-level fintech conference in 2019. […]

FinTech
Economy

Lithuania made a triple jump into becoming the European FinTech centre

The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 12. According the information, announced by the Bank of Lithuania on 29th January 2017, about 100 companies are on consultations about licencing opportunities in Lithuania and 19 are now under review. So what factors influenced such growth and interest in FinTech licensing in Lithuania? […]

Revolut
Economy

FinTech development in Lithuania gathering pace

Favourable conditions for the development of financial technologies (FinTech) in Lithuania have already attracted numerous domestic and foreign companies. Upon implementation of planned initiatives for fostering FinTech development, the sector is likely to attract more investment and create more jobs, while consumers may be offered a wider range of financial services. […]

PanPay
Economy

Chinese FinTech startup PanPay has arrived to Lithuania

The Startup Visa programme initiated in Lithuania nearly a year ago to attract foreign talents to Lithuania has gained momentum. The geography of young entrepreneurs aspiring to set up innovative startups in Lithuania stretches from China to the United States of America, and their business ideas are as good as prominent global business models. Lithuania is a state offering exceptionally favorable conditions for financial technology startups, Enterprise Lithuania writes in a press release. […]

URL
Economy

Israel’s Simplex Payment Services to develop payment platform in Lithuania

Simplex, an Israeli financial technology (fintech) and cybersecurity start-up, has chosen Lithuania ahead of the likes of Luxembourg, Cyprus and the UK as the location for its new global supervision and sales team. The company plans to employ around 20 experts in sales, support, Fraud analysis, marketing, information technologies, data analytics, quality supervision and finance in the coming couple of years, Invest Lithuania announced in a press release. […]