Central Banking

‘Public inertia’ a sticking point for e-payments, Bank of Lithuania finds

bank-of-lithuania

The main obstacle to reduced payment costs in Lithuania is "public inertia", according to the country's central bank, which stated that this must be challenged if electronic technology is to be properly utilised.

The Bank of Lithuania drew these conclusions after releasing, on September 26, the results of a survey investigating the cost to banks of providing payment services. The survey, the first of its kind in the country, revealed the total expense to banks stands at 580 million litas ($216

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