Payment Card Year Books

Estonia 2020/2021

  • Sale
  • Regular price £240.00

Payment Organisation

None (Pankade Kaardikeskus (PKK) became NETS Estonia). 

Domestic Card Brand

No domestic card schemes. 

Market Structure

Estonia is the most developed digital market in the Baltic region. 

Mastercard cards replaced most of the VISA cards. 

There were 1.42 cards per capita in 2019 and 279.9 card payments per capita, of which 255.4 were by debit cards. 

83.1% of cards are debit cards; however, banks need to consolidate credit cards, as 31.9% are inactive. 

The Estonian card market has a competitive, decentralised infrastructure composed of 15 banks, seven major issuers, and four major acquirers. 

Swedbank and SEB Pank dominate the Estonian banking sector 

Two new merged bank operations: Coop Pank, Luminor Bank. 

Emerging Open Banking ecosystem. Money laundering issues.

Notable Market Trends

Rollout of contactless cards and POS terminals; MPOS terminals.


 UPDATED: tables with card business data 2015-2019; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details


Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


1.1 last updated 19th January 2021