Ukraine going cashless: digital bank transactions hit $21 billion in 2018

Ukrainians with bank cards are gradually giving up the use of cash, according to a report published by the National Bank of Ukraine on Aug. 21 – the first in what is to be a regular series of NBU reports on cashless transactions. In the first six months of 2018, Ukrainians conducted 1.5 billion cashless transactions worth $21 billion, the report reads.

That means that this year Ukrainian bank card holders made around 6% more such transactions than in same period last year. These include purchases made online — in internet stores, and card-to-card transactions — and with payment terminals in stores.

Ukraine going cashless: digital bank transactions hit $21 billion in 2018Read More
Topics: Data & reports, E-payments, News, Payments & fintech
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