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Pay by Bank (LT)

Pay by Bank in Lithuania allows customers to pay directly from their bank account using local online banking infrastructure. Lithuania has a strong fintech and digital banking environment, making account-to-account payments relevant for e-commerce, services and business transactions. For merchants, Pay by Bank helps localize checkout and support customer trust.

Method
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
Instant
Recurring
N/A
N/A
Notify when available

Reasons for Popularity

Lithuanians are highly comfortable with online banking interfaces, easing open banking use.

Related Resources

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