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 »
Wincor Nixdorf is enhancing its consulting portfolio for the banking business.
more »
Wincor Nixdorf is set to present its ProClassic Enterprise Cash Management software for effective and rational organization of end-to end cash management processes in banks at the Retail Delivery Show.
more »
Yahoo said Jerry Yang will step down as chief executive as soon as the board finds a replacement.
more »
Wincor Nixdorf AG has turned in the best year in its history.
more »
Visa Inc. is working with the Los Angeles transit authority to allow train, subway and bus riders to pay fares with Visa’s payWave-enabled contactless cards.
more »
Customers line up in New York City to be the first to buy Google's new G1 phone.
more »
Children and teenagers are keen internet users - 12 to 15-year-olds spend at least three hours a day on screen - but are not always aware of the dangers: not just sites showing child pornography or violence but also the risk of bullying or grooming.
more »
A European Commission study found that devices left on stand-by throughout the European Union in 2005 consumed the same amount of electrical energy as a country the size of Greece or Portugal in 2008.
more »
The European Commission has launched a new web portal called “Study in Europe” to promote the attractiveness of European Higher Education to students from other parts of the world.
more »
With the increasing availability of the internet, children are being exposed more and more to illicit images and content.
more »