Makseettevõtjatega

Makseettevõtjatega is an Estonian term that translates to "payment service providers" in English. These are entities licensed and regulated by the Estonian Financial Supervision Authority (Finantsinspektsioon) to offer payment services. This includes a range of activities such as executing payment transactions, issuing payment instruments, and acquiring payment transactions.

The primary role of makseettevõtjatega is to facilitate the movement of funds between different parties. They operate within a framework established by the European Union's Payment Services Directive (PSD2), which aims to harmonize payment services across member states, promote innovation, and enhance consumer protection. In Estonia, this directive is implemented through national legislation.

Makseettevõtjatega can offer various services, including online payment processing for e-commerce businesses, mobile payment solutions, and money transfer services. They play a crucial role in the digital economy by enabling secure and efficient transactions for consumers and businesses alike. Compliance with stringent security standards and anti-money laundering regulations is a key requirement for these providers to maintain their license and operate in the market. The Estonian financial sector benefits from a competitive landscape of payment service providers, driving innovation and offering diverse options to users.