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Electronic money and payment sector thrives in Lithuania as major players consolidate

Lithuania Daily Life
Photo: Oleg Nikishin/Getty Images

Vasilka Lalevska

1 min read
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While licensing and transaction revenues grew during 2025, most of them are still tied to the 10 largest institutions on the market.  

During 2025, Lithuania’s electronic money and payments sector generated €652.7m ($762m) in licensing revenue and €166 billion ($194.2 billion) in transaction revenue, representing a 14% and 8% growth, respectively.

Lietuvos Bankas, Lithuania’s financial sector supervisor, issued three new licenses during the year, while observing seven acquisition transactions and five cessations of operations. With that,

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