25.01.2017
Tiina Soosalu Payment and Settlement Systems Department
  • Three Estonian banks started to issue contactless cards in 2016 and by the end of the year they accounted for 4% of all bankcards.
  • It is expected that by the end of the year 80% of all card payment... more
06.12.2016

At a meeting today of the Estonian Payment Environment Forum in Eesti Pank, the commercial banks confirmed that interbank payments have been being made earlier in the morning since 21 November 2016. Clients can now receive payments to their accounts from another bank earlier on the mornings of... more

26.10.2016
Tiina Soosalu Payment and Settlement Systems Department
  • Like those in the Nordic countries, payments in Estonia are mainly cashless

  • The largest share of cashless payments around the world are card payments

  • Cashless payments initiated in... more
26.07.2016
Tiina Soosalu Payment and Settlement Systems Department
  • The number of domestic cashless payments is growing continuously
  • Card payments account for 2/3 of all payments
  • Use of cards abroad by Estonian residents is also increasing and payments were made... more
26.04.2016
Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

An average of one million domestic payments were made each day in the first quarter of 2016 in Estonia, with a total value of 352 million euros. The number of payments was 5.3% higher than in the first quarter... more

27.01.2016
Tiina Soosalu Eesti Pank Payment and Settlement Systems Department
  • The number of cashless payments made by individuals and by companies has risen steadily, though the turnover of payments has been notably more volatile
  • The number of card payments by private... more
10.12.2015

At a meeting on Thursday of the Estonian Payment Forum in Eesti Pank, the banks confirmed that companies that make bulk payments have largely finished upgrading their systems and the conditions of the Single Euro Payments Area (SEPA) will apply in full from 1 February 2016.

“By now, most... more

11.11.2015
Tiina Soosalu Eesti Pank Payment and Settlement Systems Department

The TNS Emor survey of the payment behaviour of Estonian households found no major changes in recent years in the payment habits of Estonian residents or the way they generally use bankcards or cash. People... more

26.10.2015
Teet Puusepp Eesti Pank Payment and Settlement Systems Department

Bank cards issued in Estonia are being used more and more, and in the third quarter an average of around 740,000 card payments were made each day at a total value of 12.6 million euros. The number of card... more

31.08.2015
Airi Uiboaid Eesti Pank Payment and Settlement Systems Department
  • In Estonia, as in Finland, bank cards are used a lot, but there is relatively little card fraud
  • There were five cases of bank card fraud in Estonia for every 1000 residents of the country, with... more
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