Around 30% of small and medium-sized businesses (SMEs) in Ukraine went online during the pandemic, Director of the Department for Transaction Business of TAScombank Yevhen Zakalata has said.
“As for Ukraine, quite a lot of enterprises are developing online. We can see a growth in carriers, and not just under conditions of the pandemic, carriers grow by 20-40% annually in principle. Around 30% of all SMEs went online and every second business expects an increase online sales,” he said during an international conference titled “Online Banking – the Time of Innovation.”
Zakalata presented data from the Shop Express platform, a partner of the bank whose core business is development of websites for online shops. According to the data, 92% of 1,271 new online shops developed by the platform in March-May 2020 did not practice online sales before the pandemic.
“This does not mean that all of these clients today receive online payments, but at least they have started selling online, which is the first step taken by these clients towards carrying out transactions online,” he said.
According to the National Bank of Ukraine (NBU), as of January 1, 2020, the main owner of TAScombank was Sergiy Tigipko (99.93066% of shares).
According to NBU data as of June 1, 2020, TAScombank was ranked 18th in terms of total assets (UAH 20.675 billion) among 75 banks operating in the country.
