E-Banking in Estonia: Reasons and Benefits of the Rapid Growth

Topics:
Commercial Banking
Tags:
Banking,
Benefit,
Electronic Banking,
Financial Services,
University Of Tartu
Source:
University of Tartu

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Overview: The new information technology is becoming an important factor in the future development of financial services industry, and especially banking industry. Banks are faced with a number of important questions, for examples how to take full advantage of new technology opportunities, how e-developments change the ways customers interact with the financial services provider, etc. This paper analyzes the main criteria for successful internet-bank strategy and brings out benefits of e-banking from the point of view of banks, their clients and the economy in general. The paper further reveals that the last e-banking development was mobile phone banking (m-banking), which allows paying for goods and services by mobile phone and was implemented in 2002.

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Format: PDF | Size: 118KB | Date: Oct 2003 | Pages: 27

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