STATISTICAL RELEASE. People in Estonia are increasingly using contactless payments
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

STATISTICAL RELEASE. There was no notable change over the year in the turnover of card payments abroad by residents of Estonia
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

Hansab is affected by a cyber incident but bank services in Estonia are operating
Hansab services were being restored on Monday morning and banking services continue to operate....

STATISTICAL RELEASE. Estonians withdrew less cash in the fourth quarter than a year ago
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

Research shows that people and businesses in Estonia have a high opinion of the payment solutions available
Tiina Soosalu, Eesti Pank expert on developing payments Martti Näksi, Head of the Cash Handling...

STATISTICAL RELEASE. People in Estonia made purchases of around 2.6 billion euros with bankcards in the third quarter
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

STATISTICAL RELEASE. The turnover of domestic card transactions by residents of Estonia was a little higher than a year earlier, but the turnover abroad was smaller
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

One in six card payments is made using a smartphone or smartwatch
Residents of Estonia mainly use the two million bankcards that have been issued by banks in Estonia...

STATISTICAL RELEASE. Cash was withdrawn less often and in smaller amounts than in the previous quarter
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

Survey shows that Estonians have equal preference for paying in cash or by card
Tiina Soosalu, Payment and Settlement Systems Department Kristjan Lember, cash analyst The...

People and businesses could be better prepared for disruptions to cash and payment services
The Estonian Payment Forum held a discussion last week organised by Eesti Pank on access to cash and...

STATISTICAL RELEASE. Estonian residents spent over 300 million euros more by bankcard in points of sale in Estonia than they did in the previous quarter
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

A smartphone solution would make small businesses more interested in accepting card payments
A survey this spring of small businesses ordered by Eesti Pank shows that whether businesses offer...

STATISTICAL RELEASE. People in Estonia withdrew cash less often in the first quarter, but in larger amounts
Eesti Pank publishes payment statistics every month. Once per quarter a separate statistical release...

The volume of e-commerce transactions has leapt up during the pandemic
E-purchases by residents of Estonia averaged 6 million euros a month in the fourth quarter of 20211,...

Eesti Pank ran an experiment to investigate the technological possibilities of a central bank digital currency based on blockchain
Eesti Pank working with the technology company Guardtime completed its research project into a...

Interbank instant payments will not be made on Thursday night
The interbank instant payment service will temporarily be unavailable on the night of Thursday to...

Estonian residents have a high opinion of local payment solutions
The survey of payment behaviour ordered for Eesti Pank found a very high level of satisfaction among...

STATISTICAL RELEASE. The turnover of payments in the third quarter was similar to that in the previous quarter
The payment statistics for October 2021 will be published on 24 November 2021 at 08.00....

Contactless payments and online purchases became normal during the pandemic
Residents of Estonia made more than a million card payments a day in points of sale in Estonia...

The average amount withdrawn from ATMs increased in the fourth quarter of last year
The payment statistics for January 2021 will be published on 23 February 2021 at 08.00....

Use of cash remains common in the euro area, but contactless payments have become more popular during the pandemic
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Estonian technology companies are being invited to come up with a digital euro solution
People and companies in Estonia can make suggestions until the middle of January for how a digital...

The end of the emergency situation saw Estonians go shopping, as card payments were up 6% in the third quarter
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The Estonian Payment Forum focuses on promoting digital solutions
The Estonian Payment Forum held at Eesti Pank this week agreed that although the design of the...

Ninety per cent of domestic payments reach the recipient in just a few seconds
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The volume of domestic payments remained the same in the second quarter, while that of cross-border payments increased
The payment statistics for July 2020 will be published on 24 August 2020 at 08.00. See...

The emergency situation led people in Estonia to use contactless payments more in the second quarter
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Residents of Estonia managed to go shopping more often in May
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The emergency situation has left clear traces in how residents of Estonia behave when making purchases and handling cash
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The number and turnover of cash withdrawals and card transactions were down in the first quarter but the average amount withdrawn increased
The payment statistics for April 2020 will be published on 25 May 2020 at 08.00. See...

Bank services and card payments have worked without any hitches during the state of emergency
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Eesti Pank finds that about 5% of people in Estonia get their incomes in cash
The majority of the population most commonly pay for their everyday purchases with a bankcard or...

Most payments in Estonia are made in real time
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Contactless payments have not led to any increase in fraud
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The banks are bringing new and more convenient payment solutions to the market
At the initiative of the working group set up at the Estonian Payments Forum, the banks will soon be...

Estonian residents did more online shopping than before
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Madis Müller: In the long term security is more important than convenience for financial services
Madis Müller Deputy Governor of Eesti...

Access to cash in rural regions has improved
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The new TIPS system will make instant payments more affordable for smaller banks
From today the commercial banks operating in Estonia will be able to join TIPS (TARGET Instant...

Over 100,000 payments between banks will move each day within seconds
From today, SEB and Swedbank clients will be able to make instant payments, and by the end of the...

One card payment in ten is contactless
Tiina Soosalu Eesti Panga makse- ja arveldussüsteemide...

Exceptional release of cross-border payments made by banks in Estonia
Eesti Pank has been asked to comment on individual banks and their cross-border payment volumes in...

Amounts of money transferred cross-border through Estonian banks
The value of cross-border transactions made by customers of Estonian banks is not exceptionally...

Bloomberg has mistaken cross-border payments for non-resident flows
In a news article published today, Bloomberg erroneously said that 900 billion euros’ worth of...

Estonians are making more card payments in Latvia
Tiina Soosalu Payment and Settlement Systems In the...

Madis Müller: there is great demand in Estonia for faster payments
Estonia is moving together with the rest of the euro area firmly in the direction of interbank...

Estonia stands out in Europe for its use of bankcards
Tiina Soosalu Payment and Settlement Systems...

All card payment terminals will be able to handle contactless payments by 2020
The latest review of the payments market by Eesti Pank states that all card payment terminals should...

Card transactions are driving the growth in the number of payments
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Ending the use of code cards will make bank transactions more secure
Eesti Pank, the Estonian Banking Association, businesses and consumer protection authorities decided...

People are used to paying with bankcards, but still would not like to see a cashless society
The incomes and pensions of 90% of people in Estonia are paid by bank transfer, and only 4% in...

All banks should start providing instant payments within a year says Madis Müller
Deputy governor of Eesti Pank Madis Müller says that within a year all the banks operating in...

More and more payments are being made in Estonia with contactless cards
Tiina Soosalu Payment and Settlement Systems...

Investments in European securities will become cheaper for local investors
On Monday the Baltic states joined the single European settlement platform TARGET2-Securities, where...

The number of e-commerce purchases in the second quarter was almost 25% higher than a year ago
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The costs of card payments have fallen primarily for larger businesses
At the Estonian Payment Environment Forum yesterday Eesti Pank presented the results of a survey of...

Payments in real time are becoming more popular in Europe
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Contactless payments are becoming more and more common
Tiina Soosalu Payment and Settlement Systems...

It is planned that payments will be start to be made in real time by the end of 2017
At a meeting today of the Estonian Payment Environment Forum in Eesti Pank, the commercial banks...

Estonia stands out in Europe and the wider world for its use of cashless payments
Tiina Soosalu Payment and Settlement Systems...

Estonian residents are using their bank cards more and more abroad
Tiina Soosalu Payment and Settlement Systems...

Over 70,000 online purchases a day are made in Estonia
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The number of cashless payments increased by 5%
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Estonian companies are ready to go fully over to SEPA
At a meeting on Thursday of the Estonian Payment Forum in Eesti Pank, the banks confirmed that...

The habits of Estonian households in using bankcards or cash have not changed significantly
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

The use of bank cards increased by 6.5% over the year
Teet Puusepp Eesti Pank Payment and Settlement Systems...

Estonia stands out for the high rate of card usage and low rate of fraud
Airi Uiboaid Eesti Pank Payment and Settlement Systems...

More and more payments are made in Estonia, but the amounts have decreased
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

Bank cards issued in Estonia were used in 184 countries in the first quarter of the year
Tiina Soosalu Eesti Pank Payment and Settlement Systems...

More and more express transfers are being made in Estonia
Teet Puusepp Eesti Pank Payment and Settlement Systems...

The digital euro offers more privacy than card payments and more security in a crisis
Rainer Olt, Head of the Eesti Pank Payment and Settlement Systems Department The European Central...

Digital euro - frequently asked questions
We are increasingly making payments digitally and so the European Central Bank, together with the...

TARGET services
The three settlement services of the European System of Central Banks, TARGET2, TIPS and T2S, were...

Payment and Settlement Systems Department
The task of the Payment and Settlement Systems Department is to administer payment and settlement...

STEP2
STEP2 is a pan-European automated clearing house. The system owner and operator is EBA Clearing, a...

The card payment system
Card payments are the most common form of retail payments in Estonia. Card payments involve various...

TARGET2-Eesti
TARGET2 is a pan-European automated real-time gross settlement express transfer system that is owned...

Continuous operation of banking services
The Emergency Act defines cash circulation and payment services as vital services. Eesti Pank has...

Means of Payments
People in Estonia mainly use bank channels to make their payments. The main means of payment used in...

Concepts and definitions
A payment system is used for transmitting payment orders, processing them through clearing, and...

The Estonian payment market
How many of us still remember the days when you actually had to go to a bank or to the electricity...

The payments market
The payments market consists of payment and securities settlement systems and methods of...

Oversight of Payment and Settlement Systems
Oversight is a function of Eesti Pank under the Eesti Pank Act. In its oversight, Eesti Pank...

Payments
Eesti Pank is responsible for promoting a secure and efficiently functioning payments market, which...

Rules for opening and using accounts in Eesti Pank
Approval of TARGET2- Eesti rules TARGET2-compensation scheme-claim form Terms and Conditions...

Payment and settlement systems
The functioning of payment and settlement systems is important for maintaining the stability of the...

TIPS
TIPS is the Eurosystem TARGET service for settling instant payments in accounts opened at the...

The RT1 instant payment system
RT1 is a pan-European SEPA instant payment system. It is a privately financed system that started...

Oversight key documents
Eesti Pank bases its oversight role on the following regulations, frameworks and...

SEPA
The Single Euro Payments Area, or SEPA, brings together providers and users of payment services from...

Legislation
The legal framework that governs payments and securities settlement comes from European Union and...

The Estonian Payment Forum
The Estonian Payment Forum was set up in 2012 by a tripartite agreement between Eesti Pank, the...

Securities settlement system
Securities settlement systems (SSSs) are managed by central securities depositories (CSD). The...

The development of settlement systems in Estonia
Today, bank customers take it for granted that money is transferred from one bank to another within...

Frequently asked question about SEPA
What does the Single Euro Payments Area (SEPA) mean? SEPA brings together in one payment area all...

Payment and settlement systems of Eesti Pank
Eesti Pank manages the TARGET2-Eesti payment system and participates in developing the securities...

TARGET2-Securities (T2S)
TARGET2-Securities (T2S) is the Eurosystem’s single platform for the settlement of securities...

Accession Agreement to TARGET2-Eesti Using Internet-Based Access
Accession Agreement to TARGET2-Eesti Using Internet-Based...