The National Bank of Ukraine has approved the rules governing the IBOX MONEY TRANSFER payment system and issued certificate No. 29 of 12 May 2016 to the payment institution for this system, Agrarian Commercial Bank PJSC (Kyiv).
Information about IBOX MONEY TRANSFER has been entered into the register of payment systems, settlement systems, participants in, and service operators of the payment infrastructure (hereinafter – the Register of Payment Systems).
The IBOX MONEY TRANSFER payment system is the eighth payment system operating in Ukraine, which has been created by a resident bank.
Under its rules, participants in this payment system may be Ukrainian banks and non-bank financial institutions licensed to perform money transfers without opening accounts and non-resident institutions, which, under the laws of the country in which they are incorporated, are authorized to provide money transfer services.
The IBOX MONEY TRANSFER Payment System is designed for making money transfers in the domestic currency, US dollars, euro and Russian roubles.
The IBOX MONEY TRANSFER Payment System was created for cash and non-cash transfers in domestic currency from natural persons in favor of natural persons and legal entities within Ukraine.
Domestic money transfers through this payment system are effected by natural persons in favor of natural persons and legal entities, as well as by legal entities in favor of natura
Cross-border money transfers are effected between natural persions.