Latvia

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
Latvia
Wallets
Development Developing
Send or Receive
GDP ($m)
HDI classification High
Mobile Connections (m)
Currency LVL
Class
CountryISO LV
Sovereignity Country
Territory of - NA -
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Channel Analysis
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COT Analysis
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Persona Analysis
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Products
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PI Analysis
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Central Bank
Key Regulations
Type of law
Legal System
Civil law system with traces of socialist legal traditions and practices
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Law is based on
Largely influenced by Germany, medium influences from Russian and Soviet law.
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Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
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Population m 2.28
Adult % 86.00
Migrants %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
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
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
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Registered Wallet Users
Top Wallets
Informal Market
Cost To Remit
Key Players

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