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Lithuania: Increase in Non-Cash Payments

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…

This article includes a total of 273 words.

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