Updated: 11.08.2020

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.



Number of proxies has reached 200 000

Latvijas Banka's Proxy Registry "Instant Links" already has more than 200 000 users. This many Latvian and Estonian residents have chosen to make instant payments based on phone numbers rather than burden themselves and others with the need to memorise bank account numbers.


Estonian commercial banks join Proxy Registry "Instant Links" maintained by Latvijas Banka

Several major Estonian commercial banks – Swedbank AS, SEB Pank, Coop Pank AS and AS LHV Pank (as of May) – have joined the Proxy Registry "Instant Links" developed and maintained by Latvijas Banka.


A new era of instant links has begun in Latvia's interbank payments

On account of infrastructure provided by Latvijas Banka, interbank payments between credit institution customers by means of instant links – a convenient identifier that enables to make a transfer by using a mobile phone number – were launched in Latvia.


SEB Banka has joined Latvijas Banka's Proxy Registry “Instant Links”

Along with SEB Banka joining to the Proxy Registry “Instant Links” developed and maintained by the Bank of Latvia, from March 20, 2020 onwards, customers of the bank will have more convenient payment service available via mobile devices.

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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