Ukrposhta launches fund transfers by phone number.

 To make a transfer, customers no longer need the recipient’s card details, they simply enter the phone number linked to the recipient’s card account. Customers may only use a Visa payment card to transfer funds by phone number. The advantage of this payment method, in addition to simplicity, is increased security due to the recipient’s card details being hidden. The maximum single transfer amount is UAH 14,999 ($525), including commission.