Central Banking

Bank of Estonia scraps new payments system


The Bank of Estonia yesterday announced it was abandoning plans to implement a new interbank retail payment system following a lack of interest from commercial banks.

Estonia's existing domestic interbank payment system – Esta – does not meet the requirements for entry into the forthcoming Single European Payments Area (Sepa), which prompted the central bank to propose in January that banks switch to an alternative designed by the French company Systèmes Technologiques d'Echange et de Traitement

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: