Published: 17.03.2020 Updated: 09.03.2022

This is a virtual platform for promoting creation and development of innovative and user-friendly payment solutions, based on instant payment technology, provided by Latvijas Banka. The work of this laboratory will help society, financial institutions and interested entrepreneurs to follow the development of possibilities of instant payments, proxy service and instant payment request service.

ZibLab++ helps payments market participants to jointly tackle practical and technological questions, creating products that are based on instant payments and using proxy and offer such innovative products to their clients.

The aim of the laboratory is to promote and coordinate development of interoperable, secure, user-friendly and innovative payment solutions in the Baltic region, using instant payments and proxy technology as the infrastructure backbone.


Develop and encourage wide-spread usage of Proxy register, including in sales and e-commerce

Development of new payment solutions offers more options both in on-site sales, as well as in e-commerce. Card and cash payments are currently dominating such transactions, but instant payments, combined with usage of proxies, could replace these payments. Recipient of such payment will be able to instantly make sure that the payment is good, and give out the goods or provide the service, and only a smartphone or tablet is required for such transaction. This would allow entrepreneurs not to worry about special devices for receiving payments, also removing the need to worry about the security of cash circulation, altogether cutting costs.

Promote wide-spread usage of instant payments, involving most innovative credit institutions

By involving credit institutions in Estonia and Latvia, more than 95% of both countries' inhabitants will be given possibility to make payments comfortably and quickly, regardless of the fact that both parties of the transaction have an account with the same credit institution, or not. Moreover, with credit institutions getting involved in the Proxy register, it will be possible to make instant payments, knowing only the recipient's phone number.

Develop and implement an instant payment request service

The next step in the development of convenient and modern payments ecosystem, is implementation of interbank instant payment request service. When this service will be introduced, clients of credit institutions will be able to request a payment, regardless of the fact that both parties of the transaction have an account with the same credit institution, or not. The requestor of the payment will fill-in all transaction details, whereas the requestee would only have to approve the payment, if all details are acceptable. Moreover, instant payment request service, combined with Proxy register will offer possibility to request payment, knowing only the other party's phone number. Instant payment request service will offer more convenience both in person-to-person (P2P) payments segment and enhance the ease to pay bills (C2B), as well as allow further development of new payment solutions based on the service.



State Treasury joins Instant Payment service

State Treasury has joined instant payment service, provided by Latvijas Banka. Thus public settlement with state have become instant - payments to the state budget are provided within a few seconds 24 hours a day, 7 days a week, 365 days a year, including holidays.


Number of instant links exceeds 600 000

Already 600 000 persons in Latvia and Estonia enjoy the convenience provided by the Proxy Registry of Instant Links, maintained by Latvijas Banka. They no longer have to remember bank account numbers or ask others to remember them; they make instant payments based on mobile phone numbers only. 


AS LPB bank offers instant payments

AS LPB bank has joined to instant payment scheme, using instant payments service, provided by Latvijas Banka. Already 8 of 13 credit institutions, registered in Latvia, offers instant payments to their clients 24/7/365, including weekends an holidays.


Public consultation on the SEPA Request-to-Pay Scheme Rulebook

The European Payments Council is launching a public consultation on the draft rulebook of its new Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme. The consultation will run for a 90-day period, from 2 June until 30 August 2020 and is available in website  Latvijas Banka is currently developing the Instant Payment Request Service, which will be compliant with SEPA RTP scheme and connected to the appropriate SEPA solution, thus ensuring wide accessibility. The service will be available in 4th quarter of this year.

Read more

If you want to discover the opportunities Latvijas Banka offers and how they can add value to your idea, open section "Payment innovations".

If you want to get in touch with representatives of Latvijas Banka about ZibLab++, send us a message via