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
06. 07. 26
UPC Develops Audio-Guided Payment Page for People with Visual Impairments
Ukrainian Processing Center (UPC) has introduced an innovative, inclusive fintech solution—an audio navigation technology for payment pages that enables people with visual impairments to make online payments independently, securely, and conveniently using
UPC Develops Audio-Guided Payment Page for People with Visual Impairments user/common.seoImage
02. 07. 26
UPC successfully confirmed its ACS and 3DSS service provider status
Ukrainian Processing Center (UPC) has successfully passed its annual assessment for compliance with the international PCI 3DS standard and confirmed its status as a service provider in the field of 3-D Secure
UPC successfully confirmed its ACS and 3DSS service provider status user/common.seoImage
01. 07. 26
25 Ukrainian banks use Open Banking solutions from UPC—more than 40% of the banking system
Twenty-five Ukrainian banking institutions (oover 40% of the country’s active banks) have adopted the Ukrainian Processing Center (UPC) solution to implement Open Banking technology, which involves creating specialized interfaces (APIs)
25 Ukrainian banks use Open Banking solutions from UPC—more than 40% of the banking system user/common.seoImage
Contact us

Address Str. Gareth Jones 8, build B-11, POB 65, Kyiv, 04119, Ukraine

Usage of Cookies.
By clicking "Agree", you enable us to continuously improve our website and create personalized advertisements.
Under "Individual settings" you will find detailed information, can allow or object to processing or withdraw your consent.
Data-Protection Information.