Innovative Digital Platforms in Cashless Society Anna Pavlovska
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Innovative Digital Platforms in Cashless Society Anna Pavlovska, Fintech Executive Lithuania 2020 March 18 th 1
Lithuania’s Fintech Ecosystem Ø The Bank of Lithuania ranks among the most progressive regulators internationally Ø 210 Fintechs operating in Lithuania* Ø #11 Global ranking for Ease of Doing Business (out of 190 countries)** Ø #4 Lithuania’s position in the Global Fintech Ranking*** Ø #1 Global ranking of Vilnius in Tech Startups FDI Attraction Index**** *Source: Invest Lithuania, December 2019 ** Source: World Bank, 2019 *** Source: Findexable, Global Fintech Index 2020 **** Source: FDI Intelligence, Tech Startups FDI Attraction Index 2019 2
Digital Society ü Crowd-funding and equity crowdfunding platforms ü Gov. Tech ü Analytics and Big Data ü Insure. Tech ü E-invoicing, Request-to-Pay ü Online-investments ü Public Sector Digital Platform ü Reg. Tech Government State Agencies Regulator Ecosystem 3
Instant Payments Innovative Payment Solution Digitalization • Credit Transfers (IN/OUT) in less than 10 seconds • 100 000 EUR (as of 1 July 2020) Speed • 24/7/365 regime • No weekends, no holidays Operability • 800% transaction growth (YOY) 4
Proxy Lookup Service (PLS) Mobile Payments Accelerator The Participant (PSP) makes an initial record or updates MSISDN/IBAN (Mobile Station International Subscriber Directory Number) linkage information in the PLS DB if client consent is obtained or revoked. 5
QR, GAFA, We. Chat Innovative alternatives to the Payment Cards QR code payment 4
Contacts Anna Pavlovska Fintech Executive Lithuania § 20+ years of experience in payments and digital innovations in Banking & Fintech § Experience in Central Bank Digital Platform Development We. Chat § Speaker, Fin. Tech Mentor & Advisor Contact details E-mail: anna. pavlovska@wegenet. com Linked. In: https: //lt. linkedin. com/pub/anna-pavlovska/17/8 a 2/431 7
