The National Bank has updated the list of important payment systems: MasterCard, Visa and three more
26 February 10:34
The National Bank of Ukraine (NBU) has updated the list of important payment infrastructure facilities based on the results of monitoring their operations in 2024. This decision was made as part of the oversight function to ensure the stability of the country’s financial system. This was reported by "Komersant Ukrainian" with reference to the NBU.
As in previous years, the Electronic Payment System (EPS) of the National Bank of Ukraine remains the only systemically important payment system in Ukraine.
List of important payment systems
In 2024, five payment systems were classified as important payment systems:
- MasterCard (MasterCard International Incorporated, USA)
- Visa (Visa International Service Association, USA)
- PrivatMoney (JSC CB PrivatBank, Ukraine)
- NovaPay (NovaPay LLC, Ukraine)
- Financial World (Ukrainian Payment System LLC, Ukraine)
Important technological operators of payment services
In addition, the NBU has identified three important payment service technology operators:
- LLC “ACD PROCESSING”
- PJSC “Ukrainian Processing Center”
- TAS LINK LLC.
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What does the status of important payment systems mean?
Payment infrastructure facilities are categorized by importance in accordance with international standards. This increases their reliability, efficiency, and ensures compliance with global oversight standards.
The NBU imposes stricter requirements on important payment systems and operators in terms of:
- business continuity,
- management and organization of work,
- risk management systems.
What is the basis for the NBU’s determination of important payment systems?
The allocation is made annually based on the results of the companies’ activities in the previous year. The criteria for determining the importance of payment systems and operators include the volume of transactions and the types of services they provide. The relevant rules are set forth in NBU Board Resolution No. 187 dated 08/24/2022 (as amended on 02/11/2025 No. 16).
This decision is intended to guarantee the stability and security of payment systems, which play a key role in the financial sector of Ukraine.
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