PrivatBank, Ukraine’s largest and most profitable bank, is moving aggressively into the cashless economy. Last month, despite almost three weeks of lockdown, Ukrainians made 137 million cashless payments through PrivatBank trading terminals — almost double the 72 million recorded in January, 2020. The bank reported Monday that shoppers used cards to pay for $11.6 billion worth of goods through PrivatBank terminals, almost one third more than in 2019. The state-owned bank currently has 241,000 point of sale terminals. Almost 90% accept contactless payments by cards or smartphones.
PrivatBank, Ukraine’s largest and most profitable bank, is moving aggressively into the cashless economy.
