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 »
FTTH Network Provides High-Speed Internet, IPTV and VoIP Telephony in One.
more »
FIRE crews came to the rescue of two security guards who were trapped inside a cash machine for nearly two hours.
more »
Wincor Nixdorf International has named Patrick Wright its new chief executive officer for the U.S. division.
more »
Deutsche Telekom selects Motorola’s IPTV set-tops for T-Home Entertain Services; users to receive compelling, rich media experiences.
more »
New regional development center in Germany is part of $75 million global investment by Windows Embedded Business.
more »
Diogo Vasconcelos, the newly elected President of the Portuguese National Association for the Development of Telecommunications (APDC), has promised to transform the organisation's role in driving forward the country's digital agenda.
more »
Microsoft is helping transform the upcoming Democratic and Republican national conventions into the most technologically advanced and inclusive conventions ever held.
more »
Visa and leading North American financial institutions have agreed to launch a pilot with up to 2,000 participants to test the delivery of real-time notification alerts on Visa accounts.
more »
Wincor Nixdorf International has secured a deal to provide ATMs to Banktech, an independent ATM provider in Australia.
more »
Financial breaches and identity theft cases seem to be in the headlines on an almost regular basis. Just last month, hackers broke into a Citibank-branded ATM network and stole millions.
more »