{"id":15228,"date":"2020-08-18T13:56:02","date_gmt":"2020-08-18T13:56:02","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15228"},"modified":"2020-08-18T13:56:02","modified_gmt":"2020-08-18T13:56:02","slug":"ukraine-s-steady-march-away-from-cash","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/ukraine-s-steady-march-away-from-cash\/","title":{"rendered":"Ukraine\u2019s steady march away from cash"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">According to recent data released by the National Bank of Ukraine, the country is moving progressively toward cashless, as is evidenced by the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">During the first 6 months of 2020, the number of transactions using payment cards amounted to 2.7 million, representing a total value of UAH 1.78 trillion. This is 16.6% and 7.0% more year-on-year, respectively.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">86.1% of payment card transactions were for cashless payments, the rest (UAH 982.9 billion) were for bank transfers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Contactless payment methods (i.e. using contactless cards or NFC-equipped devices) accounted for approximately 50% of the total number of non-cash payments in the first half of the year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The number of outlets accepting payment cards has increased 33.5% since the beginning of the year, with the number of payment terminals in retail chains reaching 8,500.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The number of POS terminals has only grown by 5.0%, although the contactless payment function is present in 84.3% of them.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There has been a 12% decline in cash withdrawals from ATMs.<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15228 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='4 early WealthTech trends emerging from the current pandemic'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/4-early-wealthtech-trends-emerging-from-the-current-pandemic\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/b0cdbf8b-d5f1-476f-a924-8d862a9ff419-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14895\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14895'>\n\t\t\t\t4 early WealthTech trends emerging from the current pandemic\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Internet Banking Rank 2020 report published'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/internet-banking-rank-2020-report-published\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/hand-with-card-laptop-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15533\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15533'>\n\t\t\t\tInternet Banking Rank 2020 report published\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Design considerations for central bank digital currencies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/design-considerations-for-central-bank-digital-currencies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/236fdc4f-82bc-4233-b26a-754bf45595d61-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15476\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15476'>\n\t\t\t\tDesign considerations for central bank digital currencies\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to recent data released by the National Bank of Ukraine, the country is moving progressively toward cashless, as is evidenced by the following: During the first 6 months of 2020, the number of transactions using payment cards amounted to 2.7 million, representing a total value of UAH 1.78 trillion. This is 16.6% and 7.0% &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,201],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15228"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15228"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15228\/revisions"}],"predecessor-version":[{"id":15230,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15228\/revisions\/15230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15229"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}