aA
The first independent ATM network, Medus, has been launched in Lithuania, its operator Worldline Lietuva announced on Tuesday, with Siauliu Bankas and Citadele having already joined it.
First independent ATM network launched
© Shutterstock

Worldline Lietuva notes that people use less and less cash, leading to a decreasing demand for ATMs.

"We have created the new ATM network Medus, which is independent from banks, for people to be able to use the future ATM technology today," Zanda Brivule, CEO at Worldline Baltics, said in a statement.

The first ATMs are being installed in Lithuania's major cities of Vilnius, Kaunas, Klaipeda, Panevezys and Siauliai, and the company plans to expand its network across the whole of Lithuania.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Vilnius, Kaunas, Klaipeda put on lockdown Nnew coronavirus restrictions in Lithuania

Lithuania's government has on Monday placed Vilnius, Kaunas, Klaipeda and another five municipalities...

Simonyte initiates coalition formation vows to change anti-coronavirus model

Ingrida Simonyte , the conservative Homeland Union – Lithuanian Christian Democrats ' candidate...

766 new coronavirus cases

On Sunday, Lithuania already announced the record number of new coronavirus cases. 766 new cases...

Armonaite wins parliament election in special constituency for expats

Ausrine Armonaite , leader of Lithuania's Freedom Party , has been elected to the Lithuanian Seimas...

Lisa Pham, Kit Rees | D+ nariams

Forget Amazon: in Europe, small caps are pandemic’s big winners

While Amazon.com Inc . and its FANG cohort have grabbed the headlines, some of the biggest...

|Maža didelių žinių kaina