In Lithuania, licensed electronic money and payment institutions had 2.5 million active customers in 2025 – 14 percent more than a year ago. As many as 87 percent of them were foreign customers, according to data from the Bank of Lithuania. According to the Lithuanian Fintech Association, these results reveal the improving opportunities for the country’s fintech companies to grow in international markets and strengthen the export potential of Lithuania’s financial services.
The international orientation of the sector is also visible in the business client segment. Of the 146 thousand legal entities served by electronic money and payment institutions, only slightly more than a fifth were established in Lithuania. This shows that foreign companies also widely use the payment services of institutions licensed here.
As Greta Ranonytė, CEO of the Lithuanian Fintech Association, notes, the large share of foreign clients shows that the services of payment companies licensed in Lithuania are in demand on the international market. According to her, this provides opportunities for companies to grow and strengthen Lithuania’s role as a financial services center.
“Lithuania’s small domestic market does not limit the opportunities of payment companies operating here. The expertise of specialists, technological solutions, payment infrastructure and opportunities provided by the regulatory environment accumulated in our country help them to serve foreign residents and businesses. For Lithuania, this is an opportunity to expand the fintech sector, export of financial services and create high-value-added jobs here, even though the users of the services are in other EU countries,” she says.
Both income and payment volumes grew
The expansion of the customer base was accompanied by growing revenues of electronic money and payment institutions, which constitute an important part of the Lithuanian fintech sector. According to the Bank of Lithuania, the revenues of these institutions from licensed activities in 2025 increased by 13 percent and reached EUR 643.1 million. The total amount of payment transactions increased by 5 percent over the year to EUR 161.6 billion.
At the end of 2025, there were 117 electronic money and payment institutions operating in Lithuania.
As G. Ranonytė notes, when assessing Lithuania’s positions in the international financial technology market, it is important to take into account the ability of companies operating here to expand their activities and earn income.
“It would be too narrow to judge the development of the sector solely by the number of licenses issued. What is also important is the scale of activities carried out by companies, how many clients they serve and whether they are able to retain them. Growing income and payment volumes show that licensed institutions in Lithuania are expanding their activities. For the further growth of the fintech sector, it is important to invest in the quality of services, technologies and people who help compete in different markets,” she says.
Currently, there are a total of almost 250 financial technology companies operating in Lithuania, employing about 7.8 thousand specialists.
