Ukrainians’ spending has returned to pre-war levels.

Tuesday, August 23, 2022
Ukrainians’ spending has returned to pre-war levels.

In Ukraine, the number of transactions using Visa bank cards is increasing, and Ukrainians are gradually returning to pre-war spending levels, reported Forbes Ukraine.  According to Visa top manager Vira Platonova, in comparison with February, the daily volume of cash withdrawals in March dropped by 58%, and payments for goods and services by 73%. Due to difficulties with withdrawing cash from ATMs, withdrawing cash from store cash registers occurred more often in March: an increase of 20% in terms of transaction volume compared to February. In June, this indicator returned to pre-war levels. In addition, in June, cash withdrawals were already 77% ahead of the February figure, and trade operations increased by 107%. Moreover, compared to February, the daily volume of card-to-card transactions in June increased by 143%.

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