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27 Feb 2022


Lithuania: Financial technology company Paysera stops payments linked to Russia and Belarus amidst aggression in Ukraine

Lithuanian fintech Paysera stops Russia-linked payments amid Moscow aggression, 24 February 2022

The company will no longer process transactions in Russian roubles, close its Russian clients' accounts, and restrict money transfers to and from Russian and Belarusian banks, it said in a press release. It has also called on other financial institutions to follow suit.

The restrictions on financial transactions will mostly affect Russian residents. Furthermore, transfers to all Russian or Belarusian banks have been terminated for all customers if the recipient is a Russian or Belarusian company. Companies that are registered outside Russia but whose main shareholders are Russian citizens will not be able to stay Paysera's clients....

Part of the following timelines

Ukraine invasion: Banks & financial institutions seek to cut ties with Russia

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