The Covid economy accelerated Ukrainians’ flight from cash in 2020, indicate figures from PrivatBank, Ukraine’s largest bank. Last year, Ukrainians’ transactions with PrivatBank terminals increased by 31% yoy, to the hryvnia equivalent of $11.5 billion. Spending in pharmacies was up 40%, to almost $1 billion. Spending food stores was up 48%, to almost $6 billion. Spending on clothes and shoes was down 1.6%, to almost $900 million.
The Covid economy accelerated Ukrainians’ flight from cash in 2020
