{"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='Video: how ready is the financial services industry for data analytics?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-how-ready-is-the-financial-services-industry-for-data-analytics\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/FinextraTV-SC-Measuring-the-industrys-tech-intelligence-around-data-analytics-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15301\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15301'>\n\t\t\t\tVideo: how ready is the financial services industry for data analytics?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Kazakhstan working on a digital version of its national currency'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/kazakhstan-working-on-a-digital-version-of-its-national-currency\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/164e9d4d-f47a-4303-9ac4-ef7bfbc5f1ef1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15436\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15436'>\n\t\t\t\tKazakhstan working on a digital version of its national currency\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How Russia can go from lagging behind to international data science leader'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-russia-can-go-from-lagging-behind-to-international-data-science-leader\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/91a27924-4bc2-4bf1-a8e7-6c65ec874fe21-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15320\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15320'>\n\t\t\t\tHow Russia can go from lagging behind to international data science leader\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":[],"class_list":["post-15228","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-ukraine","bulletin_edition-08_august","bulletin_edition-fintech-2020"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15228","targetHints":{"allow":["GET"]}}],"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}]}}