BankingPayments

Bank of Lithuania: Apply stricter controls on fintech access to payment system

  • CENTROlink a payment system operated by the Bank of Lithuania provides technical access to the SEPA and TARGET2 settlement system
  • Since the beginning of this year, the Bank of Lithuania changed the fees applied to CENTROlink services
  • CENTROlink plays an important role in promoting the development of the payment services sector
  • On a year-on-year basis, the number of instant payments in 2020 increased from €3.6 million to €17.1 million
  • Taking into account the recent development of CENTROlink services and growing interest in financial market participants
  • Bank of Lithuania continue strengthening the control of both new and existing payment service providers
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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