{"id":994,"date":"2026-04-02T08:29:09","date_gmt":"2026-04-02T05:29:09","guid":{"rendered":"https:\/\/aastaraamat.fi.ee\/e-money-and-payment-services\/"},"modified":"2026-04-22T14:43:52","modified_gmt":"2026-04-22T11:43:52","slug":"e-money-and-payment-services","status":"publish","type":"page","link":"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/e-money-and-payment-services\/","title":{"rendered":"E-money and payment services"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"994\" class=\"elementor elementor-994 elementor-594\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-89451e0 konteiner e-flex e-con-boxed e-con e-parent\" data-id=\"89451e0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f34a04d e-con-full e-flex e-con e-child\" data-id=\"f34a04d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-58d1bd1 e-con-full vahe-m e-flex e-con e-child\" data-id=\"58d1bd1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;widescreen&quot;,&quot;desktop&quot;,&quot;laptop&quot;,&quot;tablet_extra&quot;,&quot;tablet&quot;,&quot;mobile_extra&quot;],&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b75b028 elementor-nav-menu--dropdown-none elementor-widget elementor-widget-nav-menu\" data-id=\"b75b028\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg aria-hidden=\\&quot;true\\&quot; 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href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/foreword-by-the-chair-of-the-management-board\/\" class=\"elementor-item\">Foreword by the chair of the management board<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1070\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-right-to-operate-in-the-financial-sector\/\" class=\"elementor-item\">The right to operate in the financial sector<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1071\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-legal-environment\/\" class=\"elementor-item\">The legal environment<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1072\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/finantsinspektsioon-as-a-solver-of-crises\/\" class=\"elementor-item\">Finantsinspektsioon as a solver of crises<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1073\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/banking-and-credit\/\" class=\"elementor-item\">Banking and credit<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1074\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/insurance\/\" class=\"elementor-item\">Insurance<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1075\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/e-money-and-payment-services\/\" class=\"elementor-item\">E-money and payment services<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1076\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/investment-and-the-securities-market\/\" class=\"elementor-item\">Investment and the securities market<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1077\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/about-finantsinspektsioon\/\" class=\"elementor-item\">About Finantsinspektsioon<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-1078\"><a href=\"https:\/\/aastaraamat.fi.ee\/wp-content\/uploads\/FI_AA_2025_eng_www.pdf\" class=\"elementor-item\">PDF version of the yearbook<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-b75b028\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-1068\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/\" class=\"elementor-item\" tabindex=\"-1\">Home<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1069\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/foreword-by-the-chair-of-the-management-board\/\" class=\"elementor-item\" tabindex=\"-1\">Foreword by the chair of the management board<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1070\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-right-to-operate-in-the-financial-sector\/\" class=\"elementor-item\" tabindex=\"-1\">The right to operate in the financial sector<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1071\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/the-legal-environment\/\" class=\"elementor-item\" tabindex=\"-1\">The legal environment<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1072\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/finantsinspektsioon-as-a-solver-of-crises\/\" class=\"elementor-item\" tabindex=\"-1\">Finantsinspektsioon as a solver of crises<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1073\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/banking-and-credit\/\" class=\"elementor-item\" tabindex=\"-1\">Banking and credit<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1074\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/insurance\/\" class=\"elementor-item\" tabindex=\"-1\">Insurance<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1075\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/e-money-and-payment-services\/\" class=\"elementor-item\" tabindex=\"-1\">E-money and payment services<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1076\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/investment-and-the-securities-market\/\" class=\"elementor-item\" tabindex=\"-1\">Investment and the securities market<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1077\"><a href=\"https:\/\/aastaraamat.fi.ee\/en\/home-page-2025\/about-finantsinspektsioon\/\" class=\"elementor-item\" tabindex=\"-1\">About Finantsinspektsioon<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-1078\"><a href=\"https:\/\/aastaraamat.fi.ee\/wp-content\/uploads\/FI_AA_2025_eng_www.pdf\" class=\"elementor-item\" tabindex=\"-1\">PDF version of the yearbook<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e957fe3 e-con-full e-flex e-con e-child\" data-id=\"e957fe3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12b8a79 elementor-widget elementor-widget-text-editor\" data-id=\"12b8a79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1241ec elementor-widget elementor-widget-custom_table_widget\" data-id=\"b1241ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"custom_table_widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"custom-table-widget columns-3\">\n                <table>\n                    <thead>\n                        <tr>\n                                                            <th>Payment institutions with a licence from Finantsinspektsioon<\/th>\n                                                            <th>2025<\/th>\n                                                            <th>2024<\/th>\n                                                    <\/tr>\n                    <\/thead>\n                    <tbody>\n                                                    <tr>\n                                                                    <td>Payment institutions<\/td>\n                                                                    <td>12<\/td>\n                                                                    <td>14<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Value of assets<\/td>\n                                                                    <td>97.2 million euros<\/td>\n                                                                    <td>94.2 million euros<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Value of payments<\/td>\n                                                                    <td>1,8 billion euros<\/td>\n                                                                    <td>1,2 billion euros<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Size of the average payment<\/td>\n                                                                    <td>62 euros<\/td>\n                                                                    <td>63 euros<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Return on equity (RoE)<\/td>\n                                                                    <td>7,4%<\/td>\n                                                                    <td>11,4%<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Annual profit<\/td>\n                                                                    <td>3 million euros<\/td>\n                                                                    <td>6 million euros<\/td>\n                                                            <\/tr>\n                                            <\/tbody>\n                <\/table>\n            <\/div>\n            \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2805dfd elementor-widget elementor-widget-custom_table_widget\" data-id=\"2805dfd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"custom_table_widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"custom-table-widget columns-3\">\n                <table>\n                    <thead>\n                        <tr>\n                                                            <th>E-money institutions operating with a licence from Finantsinspektsioon<\/th>\n                                                            <th>2025<\/th>\n                                                            <th>2024<\/th>\n                                                    <\/tr>\n                    <\/thead>\n                    <tbody>\n                                                    <tr>\n                                                                    <td>E-money institutions<\/td>\n                                                                    <td>3<\/td>\n                                                                    <td>3<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Value of assets<\/td>\n                                                                    <td>71 million euros<\/td>\n                                                                    <td>63 million euros<\/td>\n                                                            <\/tr>\n                                                    <tr>\n                                                                    <td>Annual profit<\/td>\n                                                                    <td>259 000 euros<\/td>\n                                                                    <td>3 million euros<\/td>\n                                                            <\/tr>\n                                            <\/tbody>\n                <\/table>\n            <\/div>\n            \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60954f9 elementor-widget elementor-widget-heading\" data-id=\"60954f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Finantsinspektsioon inspected the pricing of basic payment services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6df5cb9 elementor-widget elementor-widget-text-editor\" data-id=\"6df5cb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8046e54 elementor-widget elementor-widget-heading\" data-id=\"8046e54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Finantsinspektsioon assessed the capitalisation of payment and e-money institutions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d60935e elementor-widget elementor-widget-text-editor\" data-id=\"d60935e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-206731f elementor-widget elementor-widget-heading\" data-id=\"206731f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Finantsinspektsioon assessed whether the liability insurance of payment institutions met the requirements for it<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f616e4 elementor-widget elementor-widget-text-editor\" data-id=\"5f616e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":993,"parent":1019,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"class_list":["post-994","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/comments?post=994"}],"version-history":[{"count":2,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/994\/revisions"}],"predecessor-version":[{"id":1036,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/994\/revisions\/1036"}],"up":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/pages\/1019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/media\/993"}],"wp:attachment":[{"href":"https:\/\/aastaraamat.fi.ee\/en\/wp-json\/wp\/v2\/media?parent=994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}