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Payment Organization
None
Domestic Card Brand
None. Domestic cards were phased-out 2009.
Market Structure
The Lithuanian card market has a competitive, decentralized, infrastructure composed of seven major issuers, six major acquirers, card processors, three ATM networks and six major POS networks.
The number of bank cards issued grew from 214,000 at end-1999 to 4.3 million by end-2008, since then the number has fallen back to 3.44 million in 2016.
Debit cards dominate, accounting for 82.4% of cards at end-2016.
As in the other Baltic states, the Swedish banks SEB and Swedbank are key players in the Lithuanian bank market.
In 2015, Lithuania became the 19th member of the euro system.
Bank of Lithuania has been active in re-shaping the country's regulatory framework to create a EU friendly environment for start-ups wishing to take advantage of EU passporting rights
Notable Market Trends
Rollout of contactless cards and POS/MPOS terminals has started.
Statistical Key Figures for 2016 provided in this profile:
• UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR
• Population, Cards per Capita, Card Value per Capita
• Debit Cards, Credit/Delayed Debit Cards, Total Cards
• Card payments by number and by value, ATV per card, payments per card/year
• ATMs, POS terminals, ATMs/POS terminals per 1 million capita
• ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
• POS payments by number/by value, ATV per POS payment, TXs per POS/month
• Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
• Issued Card brands by individual major issuer bank
• Accepted card brands by individual major acquirer
• Drill down into the debit card use and credit cards use details
Product information
Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout.
Version
1.0.0 last updated 2nd December 2017
