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-Bank of Lithuania supports aim of payment service providers to offer instant payments

Feb 02, 2017 - ENP Newswire

This year the goal is to present users in Lithuania with an advanced payment innovation - instant payments.

Such payments would be carried out with just a few clicks on your phone, and the funds would be credited in a few seconds. The Bank of Lithuania and the three largest mobile network operators have signed a Protocol of Intent on cooperation in the development of instant payment services.

'We are standing on the threshold of change. Instant payments will help ensure an advanced a...