The National Bank of Ukraine (NBU) is helping develop payment infrastructure as part of Ukraine’s broader efforts to promote cashless payments. Cashless payments are a quick, convenient, and secure way of paying for goods and services. Increasing the number of cashless payments makes payments more transparent and fosters economic growth.
The National Bank of Ukraine has established a national electronic payment system called SEP to process hryvnia settlements between banks and clients within Ukraine. The NBU is the payment institution and settlement bank for the SEP.
The National Bank of Ukraine (NBU) regulates payment services market players to ensure the security of household payments. Banks (respective commercial agents) and nonbank institutions are authorized to transfer money.
The National Bank of Ukraine (NBU) performs oversight of financial market infrastructures to ensure their continued, sustainable, and effective functioning. Oversight aims to identify and prevent risky activities that pose a threat to the interests of users of financial market infrastructures.