Open Banking in Estonia

What is the current status of Open Banking in Estonia?

Estonia has traditionally been a frontrunner for card payments, and its PSP community was among the first to adhere to the Single Euro Payments Area and Instant Credit Transfer in 2017.

According to the European Central Bank, Estonians initiate 99.8% of credit transfers in digital channels, of which 76% in browser-based internet banking and 23% in a mobile banking app.

Interesting stats about OB potential in Estonia

What will the future of Open Banking look like in Estonia?

The country is expected to thrive in the Open Banking sector due to its stellar track record of internet use and digital payments. Estonia is well-positioned to not only embrace and adopt the technology, but to become one of the case studies other countries can model after their approach.


Here is a list of major banks providing Open Banking in Estonia