The world’s largest number of issued payment cards, the international payment system UnionPay International (China) goes to the Ukrainian market. This is reported by the press service of the National Bank, writes Ukrainska Pravda.
On November 12, the Committee on Supervision and Regulation of Banking Activities, oversight (oversight) of the National Bank’s payment systems agreed on the terms and conditions of its activities in Ukraine. “At the first stage, the UnionPay International payment system will provide Ukraine with acquiring, issuing cash and paying for goods and services with UnionPay payment cards,” the NBU noted.
In the future, it will also be envisaged for the issue of UnionPay payment cards by Ukrainian banks. The NBU believes that the arrival of the new payment system will give a new impetus to improve the quality of financial services and the development of the payment systems market in Ukraine.