Lithuania Banks
Bank transfer is a popular payment method in Lithuania: consumers can choose to pay for e-commerce purchases directly through an immediate bank transfer via internet/mobile banking. Supported banks include: Citadele, Lithuanian Credit Union, Luminor, Medicinos Bankas, Revolut, SEB, Šiaulių Bankas, Swedbank. And because this is a familiar and trusted way to pay, it helps to put customers at their ease and lower the barrier to purchase.
Why Lithuania Banks
Preferred method: Bank transfer is the number one payment method in Lithuania, with 57% market share (PPRO Almanac).
The value of the Lithuanian e-commerce market is forecast to grow from US$ 2.1 billion in 2023 to US$ 2.6 billion in 2026 (PPRO Almanac).
Lithuanian consumers spend an average of US$ 758 a year online, rising to US$ 998 by 2026, and 19% of all e-commerce is already cross border (PPRO Almanac).
Specifications
Coverage
Currencies
Features
How it works
Merchant
At checkout, the consumer selects to pay via bank transfer
Payment method
The consumer redirects to a bank selector page to select their bank from a list
Online bank
The consumer redirects to their online bank and logs in
Online bank
The consumer authorises the payment, and the merchant is notified of the successful transaction