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The NBU revoked all licenses of Finod LLC, which owns one of the largest networks of currency exchange offices in Ukraine. The Committee for Supervision and Regulation of Non-Banking Financial Services Markets made the decision on August 21, the regulator’s press service reported. “The licenses of Finod LLC have been revoked due to the failure […]
“PrivatBank has expanded the possibilities for more convenient replenishment of the card using Privat24 – a new option with a link has appeared in the updated version of the application. It is a more confidential alternative to the classic method of replenishment by card number and phone number transfers, which appeared in 2021. The developers […]
Julius Baer, one of the largest Swiss banks, has warned clients living in Russia about the upcoming closure of their accounts. This was reported by the consulting company Main Partner Trust The Bank informed its clients that all business relations with them would be terminated no later than December 31. All agreements and contracts, such […]
The Board of the National Bank of Ukraine has decided to withdraw the systemically important Sens Bank (formerly Alfa-Bank) from the market and has submitted a proposal to the Cabinet of Ministers to have the state participate in this procedure. According to Censor, based on the NBU’s decision, the bank will introduce a temporary administration […]
Monobank has set a new record for the speed of registering a new client through Diia, which is still one of the main ways of registration – the client managed to do it in 99 seconds. Oleg Gorokhovsky, co-founder of the popular payment app, shared another significant achievement, noting that he is ready to bet […]
Binance, the world’s largest crypto exchange, announced its withdrawal from the Netherlands in June this year after an unsuccessful attempt to obtain regulatory approval, Coindesk reports. According to information published by Coinmerce on Thursday, Binance is now referring its Dutch customers to a competitor, the Coinmerce crypto exchange. Residents of the Netherlands can no longer […]
According to the latest annual report of the Bank of Italy’s Anti-Money Laundering Unit (UIF), the updated amount of frozen assets is about EUR 2 billion as of the end of June. As a result of Russia’s invasion of Ukraine last year, Italy decided to freeze the assets of Russian oligarchs worth approximately 2 billion […]
On June 30, the NBU issued resolutions #90 and #89. These documents introduce new rules for replenishment of accounts through self-service terminals (self-service software and hardware complexes) starting from August 1. Thus, starting from August 1, 2023, details will be added to receipts generated during cash transactions using payment devices, including terminals. In particular, receipts […]
On July 1, the NBU changed a number of rules for exchange offices to improve the situation with dollar exchange. Now they will be able to withdraw money from bank cash desks without restrictions to replenish their own cash desks. This is stated in the NBU’s announcement. “This will help to expand the supply of […]
International payment systems Visa and MasterCard plan to increase the interchange rate* to 0.9% starting July 1, 2023. Accordingly, the acquiring fee paid by businesses for each non-cash transaction to banks and payment systems will increase. This will entail hundreds of millions of hryvnias of additional costs for Ukrainian businesses per year. Ukrainian retailers are […]