State-owned Oschadbank has canceled the 1% conversion fee on transactions with its cards abroad, the bank’s CEO Sergey Naumov said.
“It has become even more favorable to use our payment means in other countries,” he wrote in Telegram.
Naumov added that the bank also automatically extended until December 31 the validity of cards that were to expire after February 2022, including cards for internally displaced persons.
“These cards are fully functional: you can pay with them in the trade and service network, withdraw cash from them at ATMs and the like,” – specified the head of the Board.
The previous time Oschadbank extended the validity of cards for three months at the end of May.
As indicated by the National Bank in the report for 2022, the leaders in Ukraine in the issuance of payment cards are state-owned PrivatBank and Oschadbank – respectively 43.8% and 15.4%, as well as Universal Bank (mono) – 13.2%.
In general, according to the NBU data, in 2022 the total number of issued payment cards in Ukraine increased by 23.2% – from 89.1 million pcs to 109.8 million pcs, while a year earlier – by 21.3%.
At the same time, the total number of active bank cards, after reaching a historic high of 47.2m units at the end of March this year, decreased by 0.6m units, or 1.3%, to 46.6m units in April-June, according to the National Bank.
