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Lithuanian fintech Paysera halts transfers to and from Russia amid Ukraine invasion; spokesperson says company wants to ‘encourage other financial institutions to follow suit’

Gintautas Mežetis, CEO of Paysera

By Elizabeth Hearst for AMLi

A Lithuanian fintech has announced it has halted transfers to and from Russia, amid Russia’s invasion of Ukraine. 

Vilnius-based Paysera said they were making the decision “in solidarity with Ukraine” and to mitigate risks from the Russian market. 

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