How Ukrainians like to pay – statistics

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According to experts, Ukrainians prefer digital and contactless payments as the most convenient and secure

How Ukrainians Prefer to Pay – Expert Data. Photo: MasterCard

In the first quarter of 2020, Ukrainians became 7% and 8% more likely to be non-contact and pay online. Such data are reported in the new data from the MasterCard payment system.

Ukrainians choose digital and contactless payments as the most convenient and secure, the company emphasized. According to MasterCard, cashless payments have been a “fairly stable trend” for many years. Therefore, in 2014, 60% of the total number of transactions in non-cash card transactions in Ukraine, at the end of 2019, accounted for more than 82% of non-cash transactions in card transactions, and about 17% – cash withdrawals.

As noted in MasterCard, this is facilitated by an evolving payment infrastructure: for example, Ukraine already has more than 330 thousand POS-terminals, 90% of them supporting contactless payments with cards and gadgets. We do.


Inga Andreeva
MasterCard CEO in Ukraine and Moldova

According to MasterCard, the amount of contactless payments increased by 7% in the first quarter of 2020 compared to the fourth quarter of 2019.

It is noted that the most active users calculated contactless in grocery stores, pharmacies, as well as paid for delivery services. According to NBU data, the number of contactless cards has more than doubled in 2019, and today already 8.6 million cards in Ukraine allow you to pay with one touch.

In the first quarter of 2020, the number of payments in e-commerce also increased by 8%, according to Yuri Butkhin, vice president of business development at MasterCard in Ukraine and Moldova. Started developing and using digital channels more actively for retailing: The number of online payments in grocery retail with MasterCard cards increased 12% for the quarter. And in some categories, such as the purchase, development of equipment and electronics, even more important – there has been a 44% increase in the number of online transactions.


Yuri Butkhin
Vice President of Business Development MasterCard in Ukraine and Moldova

MasterCard emphasized that fast and convenient payments are becoming even more popular, therefore, increasing demand for new technologies. The company’s priorities include the introduction of MasterCard Identity Check for maximum security of online verification, launching solutions with active (fingerprint, face ID, voice recognition, retina) and passive (behavioral) biometrics, as well as the development of digital commerce and NFC. Implementation of new projects based on -technology.

Paypal magazine help

Earlier we wrote that Visa Inc. And MasterCard Inc. This year they plan to increase fees for many operations with payment cards, in some cases, the changes promise major difficulties for small businesses. In particular, we are talking about interbank commissions that retail banks deduct when their customers pay for purchases using cards. The size of such board can vary from 1% to 3%

He decided to increase the commission before the virus spread to the United States, so that companies would postpone them or abandon such schemes altogether if the situation in the economy worsened. The two companies have already rescheduled July for changes that were to take effect this month.

Read:
Legislation on financial monitoring: how to make transfers and pay for services
Payment by card abroad: How currency exchange and conversion happens


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