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 paymen

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