Central bank widens road for cross-border payments and commerce

By The Kyiv Post / July 31, 2015

The legal firewall blocking access for Ukrainians to international banking and online payment systems is set to come tumbling down as the National Bank of Ukraine removed a number of barriers in cross-border payments and commerce.

E-payment systems like PayPal can now fully operate in Ukraine. Previously, Ukrainians could purchase goods abroad using PayPal, but it was illegal for them to receive payments on their accounts.

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The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

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