The electronification level is a measure of to what extent paper-based credit transfers and direct debits are replaced by electronic file transfers or Internet e-banking initiation. It also captures to what extent slip-based card payments are modernised to EFTPOS-based, (that's electronic funds transfers at point-of-sale-based) electronic card payments.
Although all countries show increasing numbers of e-payments per inhabitant for the years 2002-2006 and most countries show an increasing level of automation, the actual variations between countries are very large. Holland and Finland seem to be the leading countries, only 3-4% of transactions are initiated by paper formats.