The Bank of Lithuania runs a payment system called CENTROlink
Bank of Lithuania’s payment system sets new records. Source: unsplash.com
According to the Bank of Lithuania, over the first 8 months of 2020, the number of payments made within its payment system CENTROlink exceeded the number reached throughout the course of 2019. A total of more than 70,000 instant payments are made daily through the CENTROlink infrastructure.
Over the first 8 months of 2020, more than 50 million payments (compared to 43 million in 2019) were made within CENTROlink, with their value reaching €80 billion (in 2019 – €88 billion). CENTROlink services are used by more than 130 payment service providers established in 13 EU countries. The share of EMI/PI payments within CENTROlink currently exceeds 80% of all payments executed through the system, which is then followed by the share held by banks and credit unions.
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