Democratizing basic banking, Ukrposhta has equipped 3,000 village branches with terminals for cash withdrawals.

Democratizing basic banking, Ukrposhta has equipped 3,000 village branches with terminals for cash withdrawals. Located in towns with more than 2,000 people, these post offices now have point of sale terminals where people can use bank cards to pay utility bills, make money transfers, and now withdraw hryvnia cash in amounts from $2 to $400. A bill before the Rada would allow that state post office to become a full-fledged, European-style postal bank. Existing banks oppose this, saying they would have to compete with the state. Ukrposhta retorts that 15% of Ukraine’s population is ‘un-banked’ and existing banks have no plans to open branches or place ATMs in villages. The list of small town post offices offering this no commission service is here.