Ukrainian bank clients will save €70-100M by joining the single euro payments market.

Ukraine’s entry into the SEPA (Single Euro Payments Area) system, assuming the current volumes of international payments are maintained, will enable Ukrainian bank clients to save between €70 and €100M. Experts note that joining SEPA as part of European integration will lower the cost of international payments in euros for Ukrainian citizens and businesses. This will be achievable due to the removal of additional commissions and fees typically applied to international transactions outside of SEPA.

SEPA standards ensure a high level of transparency and security for financial transactions. This will help mitigate the risks of fraud and enhance the reliability of payment operations. Lowering transaction costs can help diminish the share of informal transfers between Ukraine and the EU and encourage the broader use of the euro in trade.

SEPA can expedite the flow of funds between Ukraine and EU countries. This will improve financial liquidity and increase the efficiency of business processes, especially for companies that actively collaborate with European partners.