PrivatBank made Ukraine one of the European leaders of cashless payments

Ukrainians make cashless payments via PrivatBank terminals totaling more than UAH 6 bln monthly. In October 2015, PrivatBank set another national record – the volume of cashless payments for goods and services in its POS-terminal network totaled UAH 6.16 bln. Since the beginning of the year the amount of cashless purchases in the bank’s network has increased by 43%. According to the statistics of the MasterCard company, that ranked Ukraine third in Europe in terms of growth of the number of plastic card transactions.

“Ukraine is quickly catching up with leading European countries by level of cashless payments and is already among the top ten countries of the continent where citizens choose to use cards to pay for goods and services, – says Roman Neginskyi, PrivatBank Deputy Chairman of the Board. The majority of our terminals support payments with contactless cards and we are pleased that this brought Ukraine to the 4th place among all European countries in terms of development of innovative contactless payments”.

PrivatBank is the leader in Ukraine in development of the POS-terminals network. Today, more than 117 thousand terminals operate in Ukrainian retail outlets. Every second store with a PrivatBank POS-terminal provides customers with bonuses of up to 20% for payments by card and every fourth store allows to pay for goods with installments.

More than half of all non-cash payments (52.9%) of Ukrainians are made for purchases at grocery stores and supermarkets, and the average amount of purchases in supermarkets is UAH 98. Ukrainians also actively make cashless payments for clothes and footwear (10.1%), fuel at filling stations (8.1%), electronics and household appliances (7.2%) and medicines in pharmacies (6.9%).