Finantsinspektsioon carries out state supervision over e-money institutions and payment institutions that operate under a licence it has issued. There were three e-money institutions and 12 payment institutions in the market at the end of 2025, two of them operating with an exemption. The requirements are not as strict for payment institutions with an exemption from the licence and the volume of payments they can intermediate is limited.
Finantsinspektsioon inspected the pricing of basic payment services
Finantsinspektsioon looked at the practice and methods used by credit institutions and branches in Estonia that offer basic payment services for pricing those services, presenting the prices, and designing the services. No shortcomings were found during the inspection.
Finantsinspektsioon assessed the capitalisation of payment and e-money institutions
Finantsinspektsioon analysed the capitalisation and revenue bases of payment and e-money institutions and the structure of their client assets, and continued to monitor riskier market participants. The capitalisation of payment institutions was generally good at the end of the year and they all met the standards for own funds.
Finantsinspektsioon assessed whether the liability insurance of payment institutions met the requirements for it
Payment institutions that provide payment initiation services or account information services must have valid liability insurance that covers the insurance cases named in the Payment Institutions and E-money Institutions Act. Finantsinspektsioon assessed whether the liability insurance contracts signed by payment institutions met the requirements. The inspection looked at the method used for calculating the minimum amount of liability insurance cover and the accuracy of the calculations, which the payment institution itself is responsible for. The inspection found that the excess set for the payment institution in some of the insurance contracts was not covered by the guarantee for credit or financing institutions. There were also errors in the calculation of the minimum amount of liability insurance. Feedback on this was given to the payment institutions concerned.
