NBU mulling PayPal admission to Ukraine's market

14:39, 23.04.2015 1 min read

The National Bank of Ukraine (NBU) is mulling the possibility of letting PayPal onto the Ukrainian market, the NBU wrote on Facebook.

An ad hoc group, including representatives of the NBU, professional associations, Deloitte and Baker&McKenzie was set up to improve conditions for the operation of international payment systems in Ukraine, the announcement said with reference to NBU Deputy Governor Vladislav Rashkovan.

"The group is now analyzing obstacles that appear in work of international online payment systems and electronic money issuer systems when they provide services to the population in Ukraine (on the example of PayPal). The results of the group's work will help improve respective legislative acts by the NBU and create conditions for the successful operation of the international payment systems in Ukraine," the announcement said.