Ukraine is moving fast from cash to cards, reports the National Bank of Ukraine. In the last year, the number of card operations increased by 29%, to 5 billion, and by 24% in volume, to the hryvnia equivalent of $146 billion. Moving from ATM cards to payment cards, Ukrainians used 42 million cards to pay for $74 billion in goods and services. For reference, Ukraine’s official GDP last year was $150 billion.
Ukraine is moving fast from cash to cards,
