Business news from Ukraine

UKRAINIAN CITIZENS INCREASE PAYMENTS IN INTERNET BY 69%, RESULTS OF Q4, 2017

16 February , 2018  

The volume of non-cash transactions in the Internet using mobile banking and e-commerce in Ukraine in the fourth quarter of 2017 compared to the same period in 2016 rose by 69.1%, to UAH 105.5 billion.
According to the website of the National Bank of Ukraine (NBU), the number of such transactions at the same time increased by 28.9% and amounted to 275.8 million units.
The central bank also notes a significant increase in the volume of operations for transferring funds from one card to another by 54.1%, to UAH 73.4 billion (the number of transactions increased by 39.2%, to 43.2 million), as well as the volume of transactions in trade networks by 35.9%, to UAH 79.8 billion (the amount increased by 34.9%, to 329 billion deals).
The volume of transactions using self-service devices grew by 60.9%, to UAH 7.6 billion, and their number by 8.5%, to 14.4 million.
The total volume of non-cash transactions in 2017 was up by 46.16%, to UAH 835 billion. In particular, 38.8% of the total volume were transactions in the Internet, 31.9% were payments in trade networks, 26.4% transfers from card to card, and 2.9% transactions using self-service devices.
The total number of non-cash transactions last year increased by 30.2%, to 2.311 billion. In particular, 50.6% in the total number of payments were made in trade networks, 41% in the Internet, 6.1% were transfers between cards, and 2.3% transactions using self-service devices.