The best way to connect to CENTROlink

Financial institutions, including payment and electronic money institutions (PIs and EMIs), can benefit from many advantages when accessing SEPA as a SEPA indirect participant.

These advantages include having their own BIC and issuing their own IBANs, increased control over their payment flows, and lower payment fees.

Europe’s largest commercial banks usually offer SEPA indirect participation services to PIs and EMIs by acting as their sponsor banks

Launched in 2015, CENTROlink is Bank of Lithuania (BoL)’s gateway to SEPA. In other words, via its service CENTROlink, Bank of Lithuania acts as a SEPA sponsor bank for PIs, EMIs, credit institutions looking to operate as SEPA indirect participants.

CENTROlink is the commercial offer and the technical system enabling financial institutions to access SEPA through Bank of Lithuania.

CENTROlink’s success among European PIs and EMIs comes partly from its relatively competitive and, perhaps most importantly, public pricing, but also and mostly from Lithuania’s government's massive push to attract European fintech companies to the country.

CENTROlink offers its customers access to all SEPA payment schemes: SCT, SCT Inst, SDD Core, and SDD B2B. It also offers connectivity options comparable to most commercial banks for PIs and EMIs to integrate with: exchange of SEPA messages in XML files.