Business news from Ukraine

NON-CASH PAYMENTS IN UKRAINE 33% UP IN Q1 2016

19 May , 2016  

KYIV. May 19 (Interfax-Ukraine) – Non-cash payments in Ukraine in January through March 2016 totaled UAH 115.325 billion, and increase of 33% year-over-year, the National Bank of Ukraine (NBU) said on its website.

As of April 1, 2016, total transaction using payment cards issued by Ukrainian banks exceeded UAH 332.05 billion and this was 21% up year-over-year. Cash payments of UAH 216.735 billion were settled using payment cards, and this was 15% up year-over-year.

The number of non-cash transactions as of April 1, 2016 reached some UAH 386 million or almost 70% of the total number of transactions with payment cards (UAH 274 million or 60% in Q1 2015). The number of transactions to obtain cash amounted to near UAH 166 million or 30% of the total number of transactions (UAH 157 million or 36% in Q1 2016).

As of April 1, 2016, the number of payment cards in issue exceeded 58.2 million, including 30.7 million active cards (81% with the debit functions and 19% with the credit functions).

The NBU said that cards with magnet stripes dominated (27.8 million), and cards with a stripe and a chip totaled some 2.8 million.

The number of noncontact payment cards increased by 42%, to 1.55 million.

The regulator said that the number of retail and service providing companies accepting non-cash payments grew by 7%, to 124,822.

In Q1 2016, the number of payment terminals increased by 8%, to 202,552.

The total number of ATMs totaled 33,552 as of April 1, 2016.

The highest figures in terms of the number of payment cards, ATMs and payment terminals are in Kyiv, Dnipropetrovsk and Kharkiv regions.

The leaders in the number of payment cards and infrastructure for their servicing as of April 1, 2016 were PrivatBank, Oschadbank and Raiffeisen Bank Aval.