Lithuania's payment market has the following characteristics:
Rapid Growth in Digital Payments: - High bank card usage rate, especially debit cards - Rapidly increasing adoption of mobile payments and digital wallets
Fintech Hub: - Becoming one of Europe's key fintech centers - Home to numerous innovative payment companies and digital banks
Reduced Cash Usage: - Digital payments dominate daily transactions - Small-value payments shifting to digital methods
E-commerce Development: - Diversified online payment solutions - Widespread use of international payment platforms
Innovative Payment Technologies: - Contactless payments popular in retail sector - Instant payment systems facilitate real-time transfers
Regulatory Environment: - Compliant with EU Payment Services Directive (PSD2) - Regulatory environment favorable to financial innovation
Cross-border Payment Demand: - Strong cross-border payment demand as a Baltic financial center - High degree of payment integration with other EU countries
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Popular payment methods
Trustly
Trustly is commonly used for bank transfer payments in LT.
- Payment type
- Bank Transfer
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
Satispay
Satispay is commonly used for digital wallets payments in LT.
- Payment type
- Digital Wallets
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
Paysafecard
Paysafecard is commonly used for prepaid card payments in LT.
- Payment type
- Prepaid Card
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
Skrill
Skrill is commonly used for digital wallets payments in LT.
- Payment type
- Digital Wallets
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
SEPA Direct Debit
SEPA Direct Debit is commonly used for bank transfer payments in LT.
- Payment type
- Bank Transfer
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
Paysera
Paysera is commonly used for digital wallets payments in LT.
- Payment type
- Digital Wallets
- Buyer coverage
- LT
- Payment currency
- EUR
- Refund
- Partial refund
Lithuania
Country code
LT
Currency code
EUR
Currency unit
€ EUR