The NBU explained how the new memorandum of banks will affect Ukrainians.

Bank Memorandum: Impact on Ukrainians

The head of the National Bank, Andriy Pyshnyy, explained how the new memorandum of banks will affect Ukrainians. He announced this on his Facebook page.

Some banks in Ukraine have signed a Memorandum on ensuring the transparency of the payment services market. According to Pyshnyy, this does not mean an increase or decrease in limits for bank clients.

The memorandum does not impose additional restrictions on clients of the signing banks. The head of the National Bank noted that the memorandum will not change the work of volunteers and does not require clients to update their data.

'The memorandum does not foresee the submission of any additional certificates or the updating of data by clients. There are no requirements for additional identification in the memorandum,' Pyshnyy clarified.

The memorandum aims to reduce the financing of the shadow economy and streamline processes in the payment services sector. It will also prevent illegal activities such as tax evasion and the financing of terrorist activities.

The memorandum will contribute to preserving the country's resources and ensuring its defense.

To remind, Ukrainians were informed about how to avoid falling into a high-risk group.