Ukrainian Processing Center (UPC) announced the launch of full-scale operations as the first Open Banking provider in Ukraine under a cloud-based SaaS model, marking a new stage in the development of open banking in the national financial services market.

This step continues UPC’s long-term strategy in developing payment infrastructure and fintech solutions. During preparation, the company updated its information dossier in accordance with the NBU Regulation on Open Banking and obtained the status of a technology operator, officially confirming its readiness to operate in the new ecosystem.

This status enables UPC to offer banks with a comprehensive Open Banking service — from technological integration to ensuring secure financial data exchange and payment initiation in compliance with regulatory requirements and European standards - not only via cards but also directly from accounts.

In addition to providing services to banks, UPC is pursuing a second strategic goal: creating a central router to support the development of Open Banking in Ukraine called OneLinkUA. This hub is intended to become a unified technological platform for banks, fintech companies, and other market participants, simplifying connection to Open Banking through a single access point, reducing integration costs, and accelerating the launch of new digital products.

“We see Open Banking not as a formal regulatory requirement but as a foundation for developing fundamentally new financial services in Ukraine. Our goal is to build infrastructure that is convenient for banks and clear for businesses and clients,” commented Anton Romanchuk, CEO of UPC.

The launch of the first Open Banking provider and the start of building the central router lay the foundation for developing a competitive fintech market in Ukraine and integrating the Ukrainian financial system into the European Open Banking ecosystem according to PSD2 standards.