The Republic of Latvia is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia to the south by Lithuania to the east by the Russian Federation, and to the southeast by Belarus. Link to external site : Website for Latvia |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
27,154.67 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
2.580 Upgrade to Bronze |
| Currency | LVL |
| Class | |
| CountryISO | LV |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["LMT (TeliaSonera)",1098000],["Tele2",1039094],["Bite",390873],["Triatel",52339]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",400916],["Q4 2001",615200],["Q4 2002",925100],["Q4 2003",1228500],["Q4 2004",1499780],["Q4 2005",1746541],["Q4 2006",1974222],["Q4 2007",2241522],["Q4 2008",2316167],["Q4 2009",2327767],["Q4 2010",2408660],["Q4 2011",2471761],["Q4 2012",2518031],["Q4 2013",2553716],["Q4 2014",2582052]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system with traces of socialist legal traditions and practices Upgrade to Bronze |
| Law is based on |
Largely influenced by Germany, medium influences from Russian and Soviet law. Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",103.24],["Banked",64],["Internet",52],["Urban",68],["Adult",86],["Literate",99.7806]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 2.28 |
| Adult % | 86.00 |
| Migrants % |
20.00 Register/Log In |
| Stock Immigrants ('000) |
335.00 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
33.00 Upgrade to Bronze |
| Urban % | 68.00 |
| Female % | 59.00 |
| Literate % | 99.78 |
| Annual Growth % |
| Mobile Penetration % | 103.24 |
| Banked % | 64.00 |
| Access to FS % | 64.00 |
| Internet % | 52.00 |
| Branches per 100k adults | 11.96 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 56.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.82 |
| Monthly ARPU |
25.29 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mobile Payment Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |