NBU intends to toughen requirements to capitalization of payment systems in 2016

14:47, 13.01.2016 1 min read

The National Bank of Ukraine (NBU) in 2016 plans to toughen requirements to the capitalization of payment systems and disclosure of ultimate owners of the systems and their participants.

"This year the requirements to the capitalization of financial institutions that plan to transfer money will be toughened, as well as the disclosure of ultimate owners of the payment systems and financial institutions-participants of payment systems," Deputy NBU Governor Yakiv Smoliy said at a meeting of the regulator with heads of largest banks in Ukraine on Tuesday.

Smoliy said that the central bank will continue working on the development of the national mass electronic payment system in 2016.

"The main task for us is the attraction of banks as issues of the national payment system, the increase of the issue of payment cards and the revision of tariffs. Our plan is to increase the number of ATMs and terminals that accept the updated payment cards of the national mass electronic payment system as much as possible," he said.