Latvian Banks
Bank transfer is a popular payment method in Latvia. Consumers can choose to pay for e-commerce purchases directly by immediate bank transfer by logging into their online banking and authorising the payment. Year-on-year the number of Latvian consumers making e-commerce purchases has increased by 13%. Supported banks include: Citadele, Luminor, Revolut, SEB and Swedbank.
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Get in touchWhy Latvian Banks
28% of Latvian consumers prefer to pay by bank transfer (PPRO Almanac).
Year-on-year Latvian consumers have increased their average online spending by 40% to US$430, and 60% of consumers are cross-border shoppers (PPRO Almanac).
Between 2023 and 2026, the value of the Latvian e-commerce market is predicted to grow from US$800 million to more than US$1 billion (PPRO Almanac).
Specifications
Coverage
Currencies
Features
How it works
At checkout, the consumer selects to pay via bank transfer
The consumer redirects to a bank selector page to select their bank from a list
The consumer redirects to their online bank and logs in
The consumer authorises the payment, and the merchant is notified of the successful transaction