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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
04. 09. 23
UPC has successfully completed three major audits in 2023
The company confirmed its compliance with the high standards of PCI PIN Security, PCI DSS, and PCI 3DS ACS.
UPC has successfully completed three major audits in 2023 user/common.seoImage
24. 07. 23
Payment by cards on the first half of 2023: Ukrainians are making more transfers, spending on goods and services
During the first six months of 2023, the total number of witnessed an increase of 6.5% compared to the same period in 2022. Moreover, the monetary volumes surged by 13.9%.
Payment by cards on the first half of 2023: Ukrainians are making more transfers, spending on goods and services user/common.seoImage
14. 03. 23
UPC chooses Tietoevry Banking as a partner to offer open banking services
Today, Ukrainian Processing Center (UPC) and leading software and services company Tietoevry Banking announced a partnership to develop open banking services in Ukraine
UPC chooses Tietoevry Banking as a partner to offer open banking services user/common.seoImage
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