E-payments

Whitepay introduces crypto payments to Ukraine’s tech stores

Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.  Among the electronics retailers, whose customers will now take advantage of the new service, …

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PayPal expands services to allow users to send money to Ukrainians

PayPal is expanding its services to allow its users to send money to Ukrainians, the company announced on Thursday. Prior to this expansion, users in Ukraine could only use PayPal to send money out of the country. The expansion allows Ukrainian PayPal account holders to send and receive payments from friends and family around the world. Ukrainian …

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Kazakh fintech giant to acquire Ukraine’s online payment service Portmone

Kazakhstan’s largest financial technology firm Kaspi.kz has signed a purchase agreement with Ukraine-based online payment service Portmone, according to financial statements Kaspi.kz published on July 26. If Ukraine’s Antimonopoly Committee and the National Bank approve the acquisition, Kaspi Pay, a subsidiary of Kaspi.kz, will buy 100% of shares of Portmone Group. Kaspi.kz expects to finalize the deal in …

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Paymentwall opens new R&D office in Kyiv to boost operations

Earlier this month Paymentwall, a global payment service provider with Ukrainian roots, but headquartered in San Francisco,  announced the opening of a new research and development office in Kyiv (Kiev).  The move is explained by the recent launch of new products by the company. This requires to hire and accommodate new personnel, reported local tech blog …

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China’s UnionPay comes to Ukraine, Japan’s JCB eyes local market

Chinese payment system UnionPay International, the world’s biggest payment system both in terms of cards issued and volume of operations, is entering the Ukrainian market, the National Bank of Ukraine (NBU) announced on Nov. 13. UnionPay International will provide services in Ukraine for issuing cash from ATMs and supporting payments for goods and services with UnionPay …

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How thousands of small Ukrainian entrepreneurs find creative ways to use PayPal

PayPal is a convenient internet-based money transfer service popular in the West. But PayPal doesn’t work in Ukraine. While Ukrainians can use the service to send funds to other PayPal users, they can’t receive money. So thousands of small Ukrainian entrepreneurs have to be creative to find a way to earn their living by selling …

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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 …

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PrivatBank rolls out Apple Pay in Ukraine

Last week PrivatBank, Ukraine’s major innovation-friendly bank, announced the launch of Apple Pay, Apple’s mobile payment and digital wallet service, for its cardholders in Ukraine. The service is available to holders of both credit and debit cards, Visa or Mastercard. Presenting the service as “one of the most expected payment innovations in Ukraine,” Dmytro Krepak, Acting Group Country …

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New report highlights latest global e-commerce and e-payment trends

The Paypers, an international industry resource, has just released the 8th edition of its “Online Payments and Ecommerce Market Guide,” addressing the most important trends in the global market. In today’s e-commerce and payment market, both merchants and PSPs need more balance between security and convenience for consumers, as well as implementation of omnichannel payments and …

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Contactless payments gain momentum in Ukraine’s public transport

As part of its global strategy to extend its reach and develop mobile ticketing services, Mastercard has just made available a new contactless payment service in the subway of Kyiv, the Ukrainian capital. The new technology, dubbed “MetroPass,” transforms bank cards into subway travel cards with pre-paid billing plans for a limited or unlimited number of …

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Ukrainian e-commerce and e-payments professional invited to leading international event (Berlin, Feb. 14-16)

Payment and e-commerce professionals from all across Europe, including Ukraine, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take place in Berlin, February 14-16, 2017. MPE 2017, is Europe’s top event about merchant payments, CX, POS and card acquiring, featuring 300+ CXOs and MDs, 150+ speakers, 1000+ of participants from 40+countries, 70+ sponsors …

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PrivatBank launches e-payments via iMessage and Telegram

The clients of PrivatBank, an innovation-friendly Ukrainian bank, can now transfer money and pay their mobile phone bills directly via iMessage, if they have an iOS 10-supported iPhone. To perform a transaction, users just need to press the Privat24’s icon shown in iMessage’s menu, indicate the amount of money to be transferred, and choose the necessary …

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