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Luxembourg
Top e-commerce industries
25.4%
Electronics
18%
Hobby & Leisure
21.2%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Luxembourg
Capital
670K
Population
+1
Time Zone (GMT)
EUR (€)
Currency
Euro
$3.2B
Transactions
value in 2028
4.8%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach
Banks in Luxembourg are required to provide third-party providers (TPPs) access to customer data through standardized APIs (Application Programming Interfaces). The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulator, is responsible for overseeing the open banking framework.
Method
Pay by Bank (LU)
Pay by Bank (LU)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
High usage of online banking Luxembourg boasts high usage rates of online banking services and digital payments In 2023, over 70% of the population used the Internet for banking services
Customer Empowerment Open banking enables customers to easily switch between accounts, manage investments, and find the best offers
