Penki Kontinentai Group news

Payment terminals for Lietuvos geležinkeliai

In 2019, 5.1 million people used railway transport services in Lithuania, 7.7 percent more than in 2018 (4.7 million). To develop the passenger transportation sector and modernize payment processes, Lietuvos geležinkeliai acquired from ASHBURN International, a company specializing in software solutions for EFTPOS about 100 Ingenico iWL250 payment terminals.

Mobile EFTPOS terminals support contactless payment. All devices are connected to the TransLink.iQ software solution developed by ASHBURN International, which provides real-time control and monitoring of the terminal network and remote software updates.

According to preliminary data for 11 months of 2019, Lietuvos geležinkeliai’s turnover compared to the same period last year increased by 1.2 percent and reached 427.4 million euros. In 2018, the profit of Lietuvos geležinkeliai amounted to 54.8 million euros; the company paid record dividends to the state for 43 million euros.

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