World Courier expands operations into Lithuania

World Courier, the global leader in specialty logistics and part of AmerisourceBergen, will open an office in Lithuania in December this year, making the company the first specialty logistics provider with an in-country facility. This presence will allow World Courier to better service the growing demand within the Baltic region.

The new office will primarily focus on transport services in the local market, while also operating a finance shared service centre. World Courier will manage time and temperature-sensitive shipping requirements for pharmaceutical healthcare organisations, as well as those in critical industries like automotive, logistics as well as oil and gas.

“World Courier has seen a growing demand from customers to be present in the Baltic region,” said Jens Mattuschka, World Courier’s Regional Vice President for Nordics, Central & Eastern Europe. “Lithuania offers us a perfect knot, a well established logistics infrastructure and builds a great connector into the Baltic countries, Poland, Scandinavia, Belarus and Russia.”

“Our strategy is to serve our customers and expand our services after an integration of this office into our 140+ global office network,” added Mattuschka.

“World Courier’s decision to expand operations into Lithuania makes a huge impact not only in global business services sector, but also to other industries and investment climate of Lithuania,” said Mantas Katinas, Director General of the Foreign Investment Promotion Agency Invest Lithuania. “Medical devices and biotechnology sectors were growing really fast recent years and with new investors it will definitely grow even faster. The services of World Courier are an essential part for further development of these sectors”.

World Courier is currently finalising the recruitment of a specialist team to manage the Lithuanian office. This team is expected to grow as World Courier’s services expand.

About World Courier
World Courier is a global specialty logistics company that designs world-class logistics and supply chain programs in complete alignment with our customers’ business goals. Pharmaceutical companies rely on us because they value the peace of mind that comes with our unsurpassed knowledge, global reach and flawless supply chain execution. Each trusted partnership we form with a customer is deeply rooted in our shared vision of improving global health. With 2,500+ associates in more than 140 offices across the globe, we offer solutions that instil confidence in the on-time, on-temperature delivery of critical products. When trust is absolutely essential, there’s only one choice: World Courier. For more information, visit worldcourier.com

https://investlithuania.com/news/world-courier-expands-operations-into-lithuania/

Bank of Lithuania one of the first in Europe to offer SEPA instant payments

The Bank of Lithuania has expanded the capacities of its CENTROlink payment system to become one of the first locations in Europe where payment service providers can offer instant payments to their clients. This cutting-edge innovation will allow payments to be executed 24/7 throughout the year on weekdays and holidays, with funds credited instantly.

“The promotion and implementation of payment innovations that bring benefits to both consumers and businesses is one of our strategic directions,” explains Marius Jurgilas, Member of the Board of the Bank of Lithuania. “Both domestic and foreign payment service providers are showing keen interest in what CENTROlink, the Bank of Lithuania’s new payment system, can offer,” Mr Jurgilas continues. “Accessing CENTROlink through the infrastructure of the central bank allows them to cut out the middleman and reach Europe’s multibillion-euro payments market with no difficulty.”

Accessing CENTROlink through the infrastructure of the central bank allows them to cut out the middleman and reach Europe’s multibillion-euro payments market with no difficulty.
Marius Jurgilas, Member of the Board of the Bank of Lithuania
The new instant payment solution has been added to CENTROlink as part of the first wave of pan-European adherence to a new Single Euro Payments Area (SEPA) scheme. From 21 November instant payments will be accessible in 8 countries: Lithuania, Latvia, Estonia, Germany, Italy, Spain, the Netherlands and Austria. Eventually the service will be available across SEPA, in all 34 European countries. Funds will be credited instantly not only in these countries but also between them.

“How soon the instant payment service gains momentum depends solely on the readiness of the payment service providers,” points out Mr Jurgilas. “Yet we can already anticipate that over the next few years it will not only become part of our everyday lives, but also the only fully-fledged alternative to cash and payment cards.”

CENTROlink offers the widest range of SEPA services of any payment system in the region: credit transfers (SCT), direct debit (SDD) and instant payments (SCT Inst).

CENTROlink is part of Lithuania’s sustained efforts to develop a FinTech-friendly regulatory and supervisory ecosystem. Fostering innovations in the financial sector is one of the Bank of Lithuania’s strategic directions for 2017–2020. Together with other state authorities, the Bank of Lithuania is aiming to create an environment that will attract new FinTech companies and encourage them to incubate new products in the country.

The Bank of Lithuania has implemented a one-stop shop in terms of meetings and consultations with potential financial market participants. Information on the licensing opportunities in Lithuania is available on the Bank of Lithuania’s website in the Newcomer section.

Lithuania has already introduced several measures directed at financial institutions which are unique in Europe. These include an exceptionally fast authorisation process and the broadest choice of business models, ranging from e-money or payment institutions to specialised banks.

Furthermore, companies designing innovative financial products and business solutions have the opportunity to test them out using the Bank of Lithuania’s innovation-friendly “regulatory sandbox.”

https://investlithuania.com/news/bank-of-lithuania-one-of-the-first-in-europe-to-offer-sepa-instant-payments/