The Estonian Payment Forum was set up in 2012 by a tripartite agreement between Eesti Pank, the Estonian Banking Association and the Ministry of Finance.

The Estonian Payment Forum works with market participants to support the balanced and sustainable development of the Estonian... more


Card payments are the most common form of retail payments in Estonia. Card payments involve various parties, each with their own role and responsibilities.

  • cards are issued by banks, which debit the account of the cardholder after each card transaction

    ... more
Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

There were 751 ATMs in Estonia at the end of 2018, which is some 200 fewer than a decade earlier. Residents of Estonia were also able to withdraw cash from 350 Coop shops and 82 Olerex service stations, and... more


From today the commercial banks operating in Estonia will be able to join TIPS (TARGET Instant Payment Settlement) through Eesti Pank. TIPS is an instant payment system developed by the central banks of the euro area at the initiative of the European Central Bank. Like other pan-European instant... more


From today, SEB and Swedbank clients will be able to make instant payments, and by the end of the year so will clients of LHV Pank. More than 100,000 interbank payments a day in Estonia will be made within ten seconds rather than a couple of hours, round the clock and throughout the year.

... more
Tiina Soosalu Eesti Panga makse- ja arveldussüsteemide osakond

An average of 917,000 card payments a day were made in the third quarter with bank cards issued in Estonia, and at least one payment in ten was contactless. An average of 108,000 contactless payments a day were... more

Tiina Soosalu Payment and Settlement Systems

In the second quarter of 2018, an average Estonian aged 15 or over made 24 card payments a month, 22 of which were made in Estonia and two abroad. Finland accounted for a quarter of all card payments made abroad with Latvia coming... more


Estonia is moving together with the rest of the euro area firmly in the direction of interbank payments taking only seconds and being made on national holidays and weekends as well, said Deputy Governor of the central bank, Madis Müller, at a debate on instant payments held at Eesti Pank.

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Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.

  • The central banker believes that the Estonian economy is already simmering... more
Tiina Soosalu Payment and Settlement Systems Department

In the first quarter of 2018 private individuals withdrew an average of 7.7 million euros a day from ATMs in Estonia and made an average of 11.3 million euros of card payments each day. Estonia stands out within Europe... more

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