Phone:
+48 42 214 44 39
Address:
ul. 1 Maja 31/33
90-739 Łódź
Poland
Start selling on the Lithuanian market
Small Lithuania is Europe's fintech capital with financial services license
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🛒 Why sell in Lithuania?
Europe's fintech capital
Lithuania is one of the leaders of the fintech market in Europe, which creates exceptionally favorable conditions for entrepreneurs looking to invest in innovative financial solutions. With its proximity to payment and e-money institutions, fewer legal barriers and numerous licensed companies (e.g. Revolut), Lithuania offers a solid foundation for business development in the area of modern financial services.
Innovative payment methods
Due to the moderate popularity of credit cards, Lithuania is introducing innovative local payment methods such as NeoPay and Banklinq. These solutions allow mobile payments without the need for a credit card, making online shopping easier and more accessible to more consumers. This gives businesses a chance to better tailor their offerings to local payment needs.
Growing popularity of e-commerce
The e-commerce market in Lithuania is growing rapidly, as can be seen in sales statistics and the number of users making online purchases. With fast internet access and transparent payment processes, online shopping is increasingly popular among Lithuanians, accounting for 8% of retail sales. Average per capita spending is $585 per year, indicating a growing interest in online shopping.
Support for diverse product categories
Lithuania's e-commerce market successfully sells a variety of product categories, from electronics to fashion to food and personal care. Thanks to Lithuanians' predilection for buying both local and foreign products, as well as a growing interest in online shopping, there is plenty of room for entrepreneurs to offer a wide range of products. This allows them to more easily customize their offerings and succeed in the local market.
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