🎉 Ukraine 🇺🇦 prepares to join the European SEPA banking payment system

🎉 Ukraine 🇺🇦 prepares to join the European SEPA banking payment system

The government has approved a package of draft laws aimed at aligning with EU requirements, focusing primarily on anti-money laundering and counter-terrorism financing measures.

➡️ The official application to join the Single Euro Payments Area (SEPA) can only be submitted once Ukraine’s legislation aligns with European standards…

➡️ The drafts were developed by the Ministry of Finance, with input from relevant bodies and international experts.

➡️ Benefits: Ukraine’s potential inclusion in SEPA would allow individuals and businesses to send and receive euro transfers across the 36 member countries — using IBAN, with no additional fees — at the following estimated costs:

🔹online banking: €0 to €1;
🔹at a branch: €3 to €5;
🔹receiving money: €0.

Transfer times:

🔹standard: up to 1 day;
🔹instant: up to 10 seconds.

#news #neighbors #Europe

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