The Bank of Lithuania’s Proxy Lookup Service (PLS) allows participating PSPs to initiate payments (SCT and SCT Inst) using payee’s mobile phone number. To use the alias payment service, the user must give their consent in the bank’s mobile app to link their phone number to the selected IBAN account. To transfer money, the user simply needs to select the payee from their contact list in the mobile app or enter the payee’s phone number. A transfer is possible if the payee has also linked their phone number to an IBAN account.
Last update: 24-07-2024