SEP to Start Operating 23/7 on 3 August 2020
Cashless Payments
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.
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System of Electronic Payments
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.
PROSTIR National Payment System
PROSTIR is the national card system for hryvnia payments and settlements within Ukraine.
Non-Bank Providers of Payment Services
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.
Oversight of Payment Systems
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.