Business news from Ukraine

NBU PLANS TO PERMIT INDIVIDUALS TO RECEIVE ELECTRONIC MONEY ISSUED ABROAD FROM NONRESIDENTS

23 November , 2015  

KYIV. Nov 23 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) plans to allow individual users of international online payment systems to receive electronic money issued outside Ukraine from nonresidents, the regulator said on its website.

The draft NBU resolution on amending the resolution on electronic money was posted on the regulator’s website last week.

According to the document, individuals have the right to receive electronic money from nonresidents issued by nonresidents if the international online payment system provides for redeeming electronic money via sending funds to the accounts of individuals in resident banks.

The document will apply to individuals who plan to receive electronic money issued by nonresidents, using international online payment systems included in the register of payment systems.