The National Bank of Ukraine has approved the operating rules and procedures governing the operation of the Sigue Money Transfer international payment system in Ukraine. Its payment institution is CEL.INT LTD, which is incorporated in the UK.
In accordance with applicable laws, the NBU has entered information about the Sigue Money Transfer into the Register of payment systems, settlement systems, and participants and payment infrastructure service providers.
The Sigue Money Transfer is a money transfer system for individual non-commercial money transfers. Money transfers are effected in US dollars and euros.
Banks, non-banking financial institutions, and postal institutions, which according to the laws of the country in which they are incorporated are authorized to perform money transfers, can be the Sigue Money Transfer international payment system participants.
Presently, participants in the Sigue Money Transfer international payment system (the former name – "Coinstar Money Transfer") comprise three banks, including CB Privatbank PJSC, Oschadbank JSC and UNEX BANK PJSC. The agreements of these participants were registered by the NBU prior to the entry into force of the Law of Ukraine On Amendments to Certain Legal Acts of Ukraine on the Operation of Payment Systems and Development of Cashless Payments.
The National Bank of Ukraine has approved the operating rules and procedures governing the operation of 10 international payment systems whose payment institutions are nonresidents, including 3 international card payment systems and 7 international money transfer systems.