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12 June 2013

Ukraine: Transactions with payment cards in 2012 exceeded 50% of GDP

This was reported by the Director General of the Department of Information Technology and Payment Systems of the National Bank of Ukraine (NBU) Natalia Synyavska at the international conference "Payment Forum", organized by the National Bank of Ukraine.

The volume of payments through the electronic payment system of the National Bank of Ukraine in 2012 exceeded GDP more than 8 times, andtransactions with payment cards  accounted for more than 50% of GDP, said Synyavska.

She also said that the payments market of Ukraine is today represented by the system of NBU's interbank payments (SEP), the national system of payment cards (NSMEP), six card payment systems and numerous money transfer systems as well as intrabank payment systems.


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