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Lithuania
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Top e-commerce industries
20%
Electronics
27.3%
Hobby & Leisure
16.1%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Vilnius
Capital
2.6M
Population
GMT+2
Time Zone (GMT)
EUR
Currency
Euro
$16.6B
Transactions
value in 2030
18.7%
CAGR
of Digital Payments
during 2025-2030
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
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Pay by Bank enables customers to make instant and secure payments from their bank accounts, bypassing card rails and manual transfers.
Method
Pay by Bank (LT)
Pay by Bank (LT)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Lithuanians are highly comfortable with online banking interfaces, easing open banking use.
