🤪 Ukraine🇺🇦: the Central Bank plans to update cashless transfer regulations

🤪 Ukraine🇺🇦: the Central Bank plans to update cashless transfer regulations

Officials have reopened discussions on changes aimed at simplifying money transfers without the need to open a bank account, both for service providers and users.

▶️ Differentiated data requirements:

👉 For crediting funds to a bank account, senders must provide the recipient’s full name (surname, first name, patronymic, if applicable) along with the account number and corresponding code.

👉 For transfers using an electronic payment instrument, the recipient’s payment card number or electronic instrument number is required.

👉 For cash withdrawals, the recipient’s full name must be provided.

▶️ For utility payments (such as water, electricity, or gas), the requirements will be simplified: the payer’s full name will no longer be mandatory, and only the tax identification number will be needed.

▶️ Senders will also have the option to enter the details of the actual payer, making it easier to handle everyday situations, including payments made by family members or third parties.

▶️ Additionally, payment institutions will be authorized to automate the completion of certain fields for transfers related to utilities, taxes, or other government-mandated payments, streamlining processes and reducing administrative burdens.

#news #Ukraine #payments #p2p

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% on FTD