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NBU Grants O-MEGA LLC License To Provide Cash Collection Services To Banks

28 November 2017

 

 

On 27 November 2017, the National Bank of Ukraine (NBU) issued a license to O-MEGA LLC for the provision of cash collection services to banks.

 

This is the fourth CIT company to have been granted a license to provide cash collection services.

 

Previously, similar licenses were granted to CIT SECURITY LLC, UKRAINIAN CASH COLLECTION SERVICE LLC AND FIRST CASH COLLECTION COMPANY LLC.

 

The NBU seeks to contribute to the development of a competitive market of cash-in-transit services, and granting access to the cash-in-transit services market for CIT companies is an integral part of the new policy on cash circulation.

 

Under a delegated model of cash handling, the NBU contracts out part of its functions to other market participants, including CIT companies.

 


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Last modification   28.11.2017