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The Network of PayPost Outlets to Expand up to 150

Oct 31, 2013

The network of PayPost outlets established by Lithuania Post for rendering financial services will increase in number from 110 up to 150 outlets. The PayPost outlets were opened not only in the largest cities, but in smaller towns as well (Vilkaviškis, Prienai, Rietavas, Šilutė, Gargždai, Biržai, Joniškis, Mažeikiai).

Lithuania Post’s Director of Financial Division Kęstutis Jaržemskas said:

“Customer flows at PayPost outlets are constantly growing. Demand for access to various financial services is rising, especially in small towns. We believe that the expanded network of PayPost outlets will enable customers to have a convenient way to pay bills, receive consumer credits, send and pick up money orders, or make agreements with second-tier pension funds.”

According to Mr Jaržemskas, the network of PayPost outlets will be expanded up to 200 by the end of the current year. It will be the densest network of financial services in our country.

More than 50 new employees will be recruited for work at the PayPost outlets. All in all, almost 200 employees are working now at the PayPost network.

PayPost outlets offer a wide range of financial services: payment of bills, sending and collection of domestic and international money orders; also, customers can receive consumer credits granted by several companies, obtain Government savings bonds, or enter into agreement with a second-tier pension fund. In addition, here customers can subscribe to periodicals.

In the future, the PayPost outlets will render currency exchange service.

The Public Limited Company Lietuvos paštas runs the widest network of postal access points in Lithuania. Lithuania Post provides postal, logistic, and financial intermediation services.