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.
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Get in touchWhy 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
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