New fines from August 1 — Oschadbank reaches out to clients.

The state-owned 'Oschadbank' warned about new fines for certain entrepreneurs in Ukraine starting August 1, 2025. This applies to those who do not use cash register devices but have the opportunity to use OschadPay, which the bank has proposed.

The head of Oschadbank, Serhiy Naumov, reported this.

More about using OschadPay for business

According to information from the management of Oschadbank, the transitional period with reduced fines for violations of cash register rules ends on August 1.

After that, the fine amounts will look as follows:

• 100% of the product price for the first violation;
• 150% of the product price for each subsequent violation.

Entrepreneurs who have not yet taken advantage of cash register devices can switch to OschadPay — a software cash register developed by the bank. This will allow accepting payments and fiscalizing receipts using a smartphone.

'Important news for entrepreneurs! If you are not yet using cash register devices, now is the time to consider OschadPay — a convenient solution from Oschadbank that combines a terminal and software cash register on your smartphone. Easy start, reliable operation, support from the bank,' added Serhiy Naumov.

What you should know about OschadPay

OschadPay performs the functions of a cash register but in electronic form, just installed on a smartphone or tablet.

The service is available only for Oschadbank clients who have signed a contract with the financial institution. It is useful for various categories of businesses, from freelancers to cultural event organizers.

To install OschadPay, you need to contact the bank, sign a contract, and install the application on your smartphone.

The news reveals information about new fines for entrepreneurs who do not use cash register devices and can take advantage of the OschadPay program from the bank. Details of the transitional period and conditions for using the service for different groups of entrepreneurs are disclosed.