Volume of cashless transactions growing in Ukraine

Volume of cashless transactions growing in Ukraine

Ukrinform
The level of cash in the Ukrainian economy decreased to 9.2% of GDP in 2019 from 17.8% in 2014.

This is said in the Strategy of Ukrainian Financial Sector Development until 2025, which was released by the press service of the National Bank of Ukraine (NBU).

“The level of cash in the economy decreased to 9.2% of GDP in 2019 from 17.8% in 2014,” reads the document.   

The notes that the share of cashless transactions in the total volume of payment card transactions increased from 25.0% in 2014 to 49.7% at the end of September 2019.

As reported, the National Bank of Ukraine, the National Securities and Stock Market Commission, the National Commission for State Regulation of Financial Services Markets, Finance Ministry and the Deposit Guarantee Fund have approved the Strategy of Ukrainian Financial Sector Development until 2025,” reads the statement. The Strategy was presented on January 16, 2020 with the support of the USAID Financial Sector Transformation Project.

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