In March, three companies joined the currency and payment markets
In March 2020, the National Bank of Ukraine issued three licenses to non-banking financial companies: two licenses for foreign currency transactions and for the transfer of hryvnia funds without opening an account.
So, FC Кdiniy Prostir LLC received a license to conduct cash currency trading operations and to transfer to hryvnias without opening an account. In addition, NBU issued a third license for foreign exchange transactions to the insurer of Grave Ukraine Insurance Life Insurance. Now the company will be able to receive insurance payments and make payments under a life insurance contract in foreign currency.
In addition, in March, National Bank agreed to rules for the new domestic payment system Hertz, which is the payment organization FC Hertz LLC. In total, 38 payment systems are currently registered in Ukraine, with the NBU recalled.
In total, there are 41 participants in the Ukrainian foreign exchange market with a license to conduct foreign currency transactions, and 64 participants in the payment market who are licensed to transfer money to the national currency without opening an account.
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PJSC “Grave Ukraine Insurance Life” is not the first insurance company to be licensed by NBU. Earlier, the regulator issued a currency license to the “TAS” company. The National Bank of Ukraine hopes that the right of insurance companies to conduct foreign exchange transactions will contribute to the development of the insurance market in Ukraine: it will increase the attractiveness of products for consumers, attract new customers and market competition. Will revive
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