For the past five years, Ukraine has consistently been among the top ten countries regarding the number of NFC payments. As noted by Mastercard, the share of payments with smartphones and NFC devices among all contactless payments in physical retail in the country crossed the 60% mark in the second quarter of this year. According to this indicator, Ukraine was among the leaders, together with Australia, Great Britain, the Netherlands, and the US.
The company explained that such a rapid increase in NFC payments relates to the growing popularity of digital wallets, which allow users to turn a device with an NFC module – a smartphone, smartwatch, or fitness bracelet – into a convenient payment tool.
Additionally, the spread of contactless payment technology is extensive. According to the NBU, almost 97% of POS terminals in the country accept contactless payments.