Banking is actually booming in Estonia - via Internet
Published:
21 April 2003 y., Monday
Banking is actually booming in Estonia - via Internet. The number of Estonians who bank online soared from zero in 1997 to 700,000 this year. That's half the country's 1.4 million people.
From Tallinn to Tartu, scores of bank branches have closed, forsaken by cybersavvy Estonians. Nearly all businesses, from one-man shops to utilities, interact with banks in cyberspace.
The rapid embrace of online banking is but one example of the remarkable tech transformation of this Baltic nation where most people didn't even have a phone when Soviet control ended in 1991.
Estonia has the most advanced information infrastructure of any formerly communist eastern European state. Dubbed E-Stonia by some, the country ranked No. 8 out of 82 countries in putting the Net to practical use in a recent World Economic Forum report. The country ranked No. 2 in Internet banking and third in e-government.
Last month, the government launched a one-stop home page for online state services. Estonians can use it to digitally sign government forms or legally binding contracts with other people.
Šaltinis:
wibc.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
60 Percent Believe IT Can Transform How Their Companies Manage Energy Consumption
more »
Aladdin Knowledge Systems Ltd. announced that its shareholders approved the definitive merger agreement, providing for the acquisition of the Company by a Vector Capital affiliate.
more »
Fiserv Inc. says a recent market study shows that banks and credit unions view mobile-deposit capture as a key consumer benefit, and they're looking to it as an extension of remote deposit capture.
more »
Teachers take educational website in new direction.
more »
Today at Mobile World Congress 2009, Microsoft Corp. CEO Steve Ballmer along with key mobile partners, HTC, LG and Orange, unveiled new Windows® phones featuring new user-friendly software and services.
more »
New facility to benefit customer operations in Asia Pacific.
more »
Microsoft has been awarded its 10,000th U.S. patent for a unique way of interacting with surface computers.
more »
Convenience, rather than security, will be the driving force behind the U.K. adoption of new payment methods, according to an independent survey of 1,000 British consumers.
more »
In the first handelsjournal competition for the best products for retail businesses, Wincor Nixdorf’s BEETLE /NetX nd BEETLE /iSCAN systems were awarded gold and silver in the categories environmental friendliness and customer satisfaction.
more »
Seventeen leading websites have agreed to put in place safeguards to protect young people from unwittingly risking their privacy and safety.
more »