Lithuania: Increase in Non-Cash Payments

Politics ♦ Published: March 29, 2013; 14:17 ♦ (Vindobona)

Significant increase in non-cash payments creates a premise for banks to review their fees

Lithuania: Increase in Non-Cash Payments / Picture: © Vindobona.org

The number of the most popular non-cash payments in Lithuania—electronic credit transfers and payment cards—increased significantly in 2012. Such progress creates a premise for banks to review their applicable fees.

“With the increase of non-cash transactions, the expenditure of the banks decreases, because cash handling is relatively expensive. This creates possibilities…