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
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
04. 06. 24
UPC Introduces OpenBanking as a Service for Banks in Ukraine
The company UPC is introducing the OpenBanking service (OpenBanking-As-a-Service) - a structured and secure data exchange between payment service providers and a technological payment service operator through open APIs.
UPC Introduces OpenBanking as a Service for Banks in Ukraine 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.