Ukrainian
Processing
Center
15. 07. 21
Card Payments Market in II Q 2021: Transaction Numbers Increased by a Third.
Card Payments Market in II Q 2021: Transaction Numbers Increased by a Third. user/common.seoImage

POS-terminal payments
In Q2 of 2021 the number of POS-payments out of all financial operations has reached 63%, gaining 1.9% since the same period last year. The increase has occurred in both number and overall money amounts of the transactions. Cardholders spent 41% more than the previous quarter . It is also worth mentioning that 64.4% of all transactions were contactless.

Cash withdrawal
The second place of all operations is taking by cash withdrawals, amounting to 17.1% of the total, which is 5% less than a year before. However, the number of ATM withdrawals has increased by 10% and equals 2 transactions a month.

Internet payments
Internet payments grew by 47% in the number of transactions and 77% in volumes.
The most popular categories of payments were videogames purchases and phone top-ups. Delivery services, online shopping, and ticket purchases showed rapid growth during that period.

Card-to-Card money transfers
P2P money transfers are consistently growing in both number of the transactions and their amounts. Cardholders have made 84,6% more transactions. The average volumes rose to 143% compared to the same period in 2020.

Cardholders’ activity has increased in the second quarter of 2021. There is a demand for purchases where it was previously reduced: air and train tickets, clothing stores.

The overall trend of Internet payments popularity has considerably gotten stronger. It is bound to develop even more, considering the rising amounts and number of operations.

Other News
09. 10. 24
Implementation of New Limits on P2P Transfers in Compliance with NBU Requirements
As of October 1, 2024, all banks connected to the UPC payment system have introduced new limits on P2P transfers.
Implementation of New Limits on P2P Transfers in Compliance with NBU Requirements user/common.seoImage
02. 09. 24
Launch of the First Open Banking Platform by UPC
UPC (Ukrainian Processing Center), a recognized leader in the Ukrainian financial market, officially announces the launch of Ukraine's first Open Banking platform, which opens new opportunities for users and partners.
Launch of the First Open Banking Platform by UPC user/common.seoImage
06. 08. 24
Introduction of Primary Account Reference (PAR) Processing on POS Terminals with Servus Systems Integration LLC
The Ukrainian Processing Center, in collaboration with Servus Systems Integration LLC, announces the successful completion of the project for implementing Primary Account Reference (PAR) processing on Verifone X990 POS terminals.
Introduction of Primary Account Reference (PAR) Processing on POS Terminals with Servus Systems Integration LLC user/common.seoImage
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