Fighting for the business of Ukraine’s 12 million pensioners

, Igor Smelyansky, CEO of Ukrposhta, disconnected last night all third party ATM machines in Ukraine’s 11,000 post offices. He wrote on Facebook that he is protesting a decision by the Pension Fund to force pensioners to open bank accounts. Smelyansky said this will cause needless hardships “especially in 96% of settlements in Ukraine where there are no banks.” Banks in Ukraine are closing branches because digital banking has a lower overhead and is more profitable.