Finance

Ukrposhta sees its expansion into postal banking as a key to democratizing finance in Ukraine.

Thursday, June 17, 2021

Over the last decade, Ukrposhta figures have illustrated that the number of bank branches in Ukraine dropped by 65%, to 7,134. Over the same time, the number of post offices fell by only 22%, to 10,706. In Ukraine, there are nine POS terminals per 1,000 inhabitants, compared to 29 in the EU.

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Ukrposhta will have installed 7,500 point of sale terminals by the end of next month,

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Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

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