Ms. Natalia Syniavska, Director of the NBU General Department of Information Technologies and Payment Systems feels confident that an increase in the share of cashless settlements will contribute to the build-up of resources available in the economy.

“When money is used in cashless form, it is placed on accounts. These accounts are used by banks, which makes it possible to fill the economy with accessible resources, which are currently lacking,” said the NBU representative.

“Cashless settlements are cheaper cash ones. When a person heads for the outlet with a payment card, he or she is not carrying cash as all the money is placed on a bank account. Therefore, money works in the economy. It is a very important aspect,” added Ms. Natalia Syniavska.

According to the expert, cash settlements, which are widespread in Ukraine, are cumbersome for the economy as they require relevant service infrastructure.