How International Payment Providers Can Operate in Ukraine

The regulator considers the documents within 60 business days after the submission of a complete set of documents, meeting all established requirements

uatv
08.04.2019
Photo from Ukrinform-UATV

 

The National Bank of Ukraine (NBU) explained how foreign payment service providers can start operating in Ukraine on Facebook.

Firstly, the international payment system must be registered with the NBU. The following bodies may apply:

  • An international payment system provider
  • Its’ representative in Ukraine
  • An authorized foreign agency
  • A settlement bank of a foreign international payment system in Ukraine

Secondly, in order to comply with the conditions and rules of the international payment system operation in Ukraine, they must apply the following documents:

  • An application for approval of terms and procedure of operation in Ukraine
  • A questionnaire
  • A copy of registration documents of a payment system operator
  • A brief information note or copies of internal documents covering the operating procedures of the international payment system

The regulator considers the documents within 60 business days after the submission of a complete set of documents, meeting all established requirements.

Source UATV
date 08.04.2019
categories Economics
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