Business news from Ukraine

NUMBER OF TRANSACTIONS USING PAYMENT CARDS 30.6% UP IN 2016 – NBU

16 February , 2017  

KYIV. Feb 16 (Interfax-Ukraine) – The number of transactions using payment cards in 2016 increased by 28%, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion.

According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039 trillion (64.5% of total transactions with payment cards), while that of non-cash payments by 48.5%, to UAH 571.275 billion (35.5% of total transactions with payment cards).

The total number of active payment cards last year grew by 5% or 1.55 million, reaching 32.4 million as of January 1, 2017. The number of contactless payment cards rose by 37.4% or 540,000, to 1.99 million. The number of payment cards with e-money function soared by six times, to 54,000.

“The number of retail and servicing companies using cashless payments last year grew by over 11% or 14,674, to 145,938. As of January 1, 2017 there were 33,800 ATMs and 219,200 terminals,” the NBU said.

The leaders in terms of payment cards are PrivatBank, Oschadbank and Raiffeisen Bank Aval.