Lithuanian postal service provider Lietuvos pastas has extended its relationship with payment software developer ASHBURN International by two years.

The agreement enables ASHBURN to support the operation of Lietuvos paštas payment terminals linked to TransLink.iQ.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The TransLink.iQ system from ASHBURN facilitates POS networks monitoring, as well as transaction processing.

In 2017, Lithuanian post offices located in the country’s largest cities incorporated integrated terminals for enabling multi-bank payments. These enabled payment card transactions.

In a statement, ASHBURN said: “Because of another completed project, Lietuvos paštas couriers were provided with Ingenico mobile EFTPOS terminals, which made it possible to pay for goods ordered on the Internet with a payment card.

“This method of payment is much more convenient because the client does not need to look for an ATM to withdraw cash or make an electronic transfer of funds.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The technology developed by ASHBURN supports the network management of EFTPOS terminals.

Lietuvos paštas has nearly 600 EFTPOS terminals. It caters to 800,000 customers on a monthly basis and has a workforce of around 5,000.

Established in 1998, ASHBURN is a unit of the Penki Kontinentai since 2003. It focuses on payment card authorisation solutions as well as software development.

At the same time, ASHBURN offers an e-commerce system for bill prepayment.