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Post by rakhirani on Mar 5, 2024 10:38:42 GMT
With a license to provide financial services. Local payment methods are also an antidote to the relatively low popularity of credit cards. Lithuania with . million inhabitants is the most populous of the Baltic countries. Along with Latvia and Estonia being famous for innovation although they differ from each other in terms of language Lithuania especially Latvia shares similar consumer behavior. The region is called the European Brazil Mobile Number List fintech hub and Lithuania is a leader in licensed payment institutions and electronic money in Europe. There are over fintechs operating there of which almost of them are licensed to provide financial services e.g. Revolut and electronic money institutions are licensed by the Bank of Lithuania. The country particularly benefited after Brexit as many Britishlicensed. Fintechs chose Lithuania as their headquarters to provide services in the EU. Lithuania offers very fast internet Mbs which is used by percent. Lithuanians and every second resident does online shopping . The revenues of the ecommerce market are forecast to reach USD . billion in . The share of ecommerce in retail sales is and ecommerce spending is .. GDP. percent purchases are made using mobile devices.
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