Processing center

Processing center noted growth of banking operations with plastic cards

The Ukrainian processing center reported on the results of 2018. It turned out that in 12 months the number of transactions using plastic cards increased by 20% compared to the same period of the previous year. Thus all turnover of finance carried out by means of bank cards, reached an indicator of UAH 530 million ($19.5 million). The number of purchases paid by cards increased by 32%. 6.8 is the number of monthly transactions per 1 active banking product. In the total number of financial transactions, the share of cards increased by 4% and reached 65%. Only 14% of all purchases are made online. This indicator has increased by 26% compared to 2017. Ukrainians are increasingly using contactless payments. From the total number of all transactions in POS-terminals it is slightly less than 30%. 87 percent of all terminals that are connected to the processing center are equipped with the function of receiving payments via PayPass and NFC modules. At the same time, such payments are made for small amounts. Average check amounts to UAH 210 (less than $10).

PayPass and PayWave technologies are most popular at gas stations, food services and various stores: food and economic. In 2018, there was a threefold increase in contactless fare in the metro. However, only 6% of all NFC- and PayPass payments were made in the metro.

Processing center emphasized the expansion of functionality of mobile applications

In 2018, there were 2 times more transfers from card to card on the Internet (compared to the same period of 2017). Average check of such transfer amounts to UAH 2000 (about $80). This is due to the development of Internet entrepreneurship in Ukraine and trade through popular websites and aggregators. There was also an increase in the number of convenient mobile applications, which also stimulated mutual settlements between accounts. The share of transfers in the total number of banking services was 2.2%.

The number of ATMs in the country has decreased. In 2018, ATM became less by 4%. At the same time, the number of deposit operations in ATMs increased, when devices are used not to issue funds, but to provide additional services. The number of cash-out operations increased by 9%. According to the data of Ukrainian processing center, the market of payment cards is growing and will continue to follow this trend. In particular, the infrastructure of the use of banking products is increasing.

Also, the number of services that can be obtained directly in mobile applications of banks was increased by 22%. In general, as of 1 January 2019, there were 77 operating financial institutions in the country. At the same time, the number of departments strictly falls from 9489 to 8509. The main thing on business scale and reduction of branches was the state Oschadbank, which released more than 500 office premises only in a year. Another state bank PrivatBank got rid of 221 branches.