NBU has established a new procedure for postal orders
Innovations come into force from today
The national Bank of Ukraine granted the national postal operators, which in Ukraine is a public joint stock company “Ukrposhta“, the possibility of providing financial services to transfer funds and participate in domestic and international payment systems.
The provision of such services will be subject to the condition of obtaining a license of the National Bank on money transfer in national currency without opening of accounts.
This is stated in NBU resolution No. 138, effective today, December 27.
The document notes that the national postal operators will adhere to the procedure of issuing non-banking financial institution license for money transfer in national currency without opening of accounts and NBU has the right to revoke a license.
The regulator noted that this regulation is designed to expand the population’s access to financial service of money transfer, particularly in rural and remote areas of Ukraine, and also to stimulate the development of cashless payments.
We will remind, since January, changed the tariffs for mail services.
“Ukrposhta” enters into the management of the Ministry of infrastructure of Ukraine and is the national operator of postal communication. The company provides more than 50 types of services through more than 11 thousand of branches throughout Ukraine. The company employs about 76 thousand employees.