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Pay by Bank (LT)
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)
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.
