Ukraine’s shift to a cashless economy accelerates as payment cards during the first half accounted for 44% of transactions
Thursday, August 23, 2018

Ukraine’s shift to a cashless economy accelerates as payment cards during the first half accounted for 44% of transactions

Ukraine’s shift to a cashless economy accelerates as payment cards during the first half accounted for 44% of transactions, up from 38% during the first half of last year. The number of cashless transactions – 1.8 billion – was 28% higher than during the same period last year, reports the National Bank of Ukraine. With MasterCard and Visa dominating the business, the number of cashless transactions jumped by 11% in the second quarter of this year, compared to the first quarter. Ukrainians hold 60 million cards and 188,000 stores accept them.

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