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
14. 08. 26
UPC Launches National eReceipt (eChek) Service for Its Banking Clients
Ukrainian Processing Center (UPC) has completed all the necessary enhancements on its side to enable the launch of the National e-Receipt (eChek) service across both issuing and acquiring operations
UPC Launches National eReceipt (eChek) Service for Its Banking Clients user/common.seoImage
12. 08. 26
UPC team reconfigured foreign currency limits for its bank clients within one hour
Clients of banks serviced by the Ukrainian Processing Center (UPC) were able to promptly take advantage of the increased limits on foreign currency transactions for individuals.
UPC team reconfigured foreign currency limits for its bank clients within one hour user/common.seoImage
20. 07. 26
UPC has completed the migration of its core services and systems to data centers located within the EU
Clients of Ukrainian Processing Center (UPC) have gained additional assurances of service continuity and data security following the migration of the company’s services to data centers located in Austria
UPC has completed the migration of its core services and systems to data centers located within the EU user/common.seoImage
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