“eCheck” in banking: what will change for businesses and buyers
20 February 14:52
Ukraine is launching a pilot project called “eCheck” — a state program for electronic checks that is designed to simplify business operations and reduce costs for entrepreneurs. The launch was announced by Prime Minister Yulia Svyrydenko, according to "Komersant Ukrainian".
According to her, the digital receipt will appear in the buyer’s banking app immediately after payment by card — both in stores and online.
How the system will work
The buyer will receive an electronic check in their banking app. The document will be stored in digital format and will be available for returns, exchanges, or warranty service.
During the testing phase, buyers will be provided with both paper and electronic receipts.
Savings for businesses
According to government estimates, printing one paper receipt costs about 7 kopecks. According to the State Tax Service of Ukraine, entrepreneurs generated more than 9 billion receipts last year alone.
This means potential savings of hundreds of millions of hryvnia each year.
At the same time, the government emphasizes the environmental impact: thermal paper often contains bisphenols, which cannot be recycled.
Who will join the pilot program
Testing will take place in four banks:
- PrivatBank
- FUIB
- VST Bank
- monobank
The Aurora, Fora, Auchan retail chains and Ukrnafta gas stations will also participate.
The Prime Minister called on entrepreneurs to join the testing.
Digitization of the fiscal sphere
The launch of eChek comes amid a rise in the number of software cash registers (smartphone cash registers). Over the year, their number has increased by 19%, while the number of traditional cash registers has decreased by 14%.
In total, there are over 1.05 million cash registers operating in Ukraine, and the number of official transactions continues to grow. In 2025, 10.4 trillion receipts were generated.
In November 2025, taxpayers generated 857 million fiscal receipts, 10% more than a year earlier. This trend indicates a gradual reduction in the shadow economy.
The pilot status means that the government will check the technical readiness of banks and businesses, as well as consumer response.
If the project proves effective, Ukraine may take another step towards the complete digitization of payments — with potential savings for businesses and a reduction in paper circulation even in wartime.
