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

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

The Single Euro Payment Area, or SEPA, is a payment area covering all the member states of the European Union plus Iceland, Liechtenstein, Monaco, Norway and Switzerland that allows private and corporate customers and public sector institutions to initiate and receive electronic payments in... more

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