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
  • the payments... more

TARGET2 is a pan-European automated real-time gross settlement express transfer system that is owned and operated by the Eurosystem. The legal structure of TARGET2 consists of component systems that are operated by the national central banks. Eesti Pank operates the TARGET2-Eesti component... more

Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

Payment services and card payments are vital services. Banks must keep vital services operating even if people are not able to live their normal lives. So far they have functioned without incident.

... more

Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

Estonian companies and residents made an average of 482,000 payments a day in the third quarter, and 87% of them were instant payments. The share of payments made in real time will increase further in the near... more

Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

An average of 994,000 card payments were made with bank cards issued in Estonia in the second quarter, one quarter of them contactless payments. The spread of contactless payments has not led to any increase... more


Eesti Pank is responsible for promoting a secure and efficiently functioning payments market, which covers payment and settlement systems and methods of payment. How the payments market functions is important for

  • ensuring the stability of the economic and financial system,... more

At the initiative of the working group set up at the Estonian Payments Forum, the banks will soon be bringing new payment services to market. In the working group are Eesti Pank, the largest commercial banks, merchants and consumer representatives. By the end of 2019 at the latest it will be... more


The functioning of payment and settlement systems is important for maintaining the stability of the national economic and financial system, avoiding interruptions to the circulation of currency, and allowing monetary policy to be implemented smoothly. Private individuals, businesses and public... more

Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

The volume of online shopping that Estonian residents did in the first quarter of 2019 was up one fifth on the first three months of the previous year. Considering the experiences of other European countries... more


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

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