The ratio of non-cash payments to cash payments in Latvia is 77% to 23%
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Payment systems
Payment systems allow for a safe and efficient transfer of the non-cash payments of individuals, settlements between participants of the financial markets, monetary policy operations.
Read morePayment systems
Latvijas Banka maintains and develops the electronic clearing system (EKS) for customer payments and instant payments.
Latvijas Banka is the operator of the real time TARGET system for interbank payments and monetary policy operations.
- Electronic Clearing System EKS
- TARGET
Payment innovations
Latvijas Banka promotes the development of and innovation in payment instruments in the field.
- Instant payments
- Proxy Registry "Instant Links"
- Instant payments requests
- Instant payment laboratory
- Instant Verification Service
Oversight
Latvijas Banka oversees the payment and financial instrument settlement systems to assess their efficiency and security.
Payment radar
Snapshot of cash and noncash trends.
Payment statistics
The volume and value of payments processed by interbank payment systems maintained by Latvijas Banka and payment statistics of Latvia.
