Lithuania Embraces Digital Payments, But Cash Still Holds Value – World Today News
Vilnius, Lithuania – July 1, 2025 – Lithuania is rapidly transitioning to a digital economy, with card and mobile payments becoming increasingly dominant.Though, experts warn against completely abandoning cash, citing potential disruptions and the need for emergency reserves. This article dives into Lithuania’s evolving payment landscape and offers guidance on maintaining financial preparedness.
the Decline of Cash, But a Lingering Presence
According to Rūtenis Šukevičius, Director of the Treasury Department at the Lithuanian Central Credit Union (LCKU), cash settlements have fallen from approximately 76% in