Central Banking

Bank of Estonia notes increasing electronic payments


The Bank of Estonia announced on April 26 that 99.3% of all non-cash payments initiated via banks in the country in the first quarter of 2012 were made electronically.

The proportion of non-cash payments made electronically via banks in the country has been rising steadily and has been in excess of 90% since 2001. The central bank said this was down to "good internet access and the development of banks' electronic payment means".

The central bank reported that the popularity of electronic

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