Amount of payment transactions carried out by electronic money and payment institutions has doubled

The income of the electronic money institution (EMI) and payment institution (PI) sector from licensed activities in the first half of 2022 increased 1.8 times year-on-year and amounted to EUR 375 million. The amount of payment transactions almost doubled and reached EUR 241 billion. The amount of payment transactions grew nearly 40% over the quarter, announced the Bank of Lithuania.

The revenue of 10 largest institutions from licensed activities accounted for 80% of the total sector’s revenue. According to the data for the first half of the year, more than half of the total revenue from licensed activities, i.e. 51%, and as much as 58% of the total transactions are attributed to one EMI.