News

Today marks a significant milestone for the Latvian fintech ecosystem as the Cabinet of Ministers has officially approved the Latvia Fintech Strategy, a comprehensive roadmap designed to strengthen the country’s position as a competitive hub for financial technology innovation. This achievement reflects strong collaboration between the public sector and industry stakeholders, coming together with a shared commitment to working toward sustainable growth, global competitiveness

Mobilly, one of Latvia’s most widely used mobile payment platforms, has secured a €4 million development financing package from Signet Bank, strengthening its position in the Baltic digital payments landscape. The funding will support Mobilly’s continued growth and innovation as it expands its range of secure, user‑friendly cashless payment services. Mobilly’s platform already plays a significant role in everyday life for hundreds of thousands of users, enabling payments for

Latvia is setting its sights on becoming a standout fintech destination in Europe by 2027. With a combination of progressive policies, targeted ecosystem support, and strategic initiatives, the country is crafting a bold path to fintech leadership. At the core of Latvia’s plan is a focus on policy reform and regulatory clarity. Streamlined licensing procedures and simplified fintech support frameworks are intended to reduce barriers for new companies, making it easier to laun