The largest Lithuanian mobile operators - Bite, Tele2 and Telia Lietuva - received the European Commission's permit to create a common platform for provision of instant payments.

The company 'Mobilūs mokėjimai' ('Mobile payments'), a jointly by three operators owned entity, will create a platform required for provision of instant payments. It also will be the main operator and supervisor of this platform.

In May 2017, 'Mobilūs mokėjimai' was granted a limited activities electronic money institution licence by the Bank of Lithuania. The licence is required for provision of instant payment activities.

Instant payment for the users of mobile communication will allow to use mobile phone at various places for settlements for goods and services as well as instantaneously make a money transfers at any time of a day - even during the public holidays and weekends.

Telia Lietuva AB published this content on 20 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 July 2017 12:48:11 UTC.

Original documenthttps://www.telia.lt/eng/for-media/press-releases/lithuanian-mobile-operators-will-create-a-common-instant-payments-platform

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