Open Banking from August 1: how Ukrainians can manage all accounts in one app.

From August 1, 2025, 'open banking' came into effect in Ukraine, allowing data exchange between different financial service providers. To explain all the nuances of this system to citizens, Deputy Governor of the National Bank Oleksiy Shaban gave an interview to 'Economic Truth' on YouTube.Open Banking, as he explained, is a way of securely exchanging data between banks and customers that allows people to manage their finances through one app, consolidating all accounts from different banks in one place. The Open Banking technology will enable users to check their account balances and make payments without the need to install multiple banking apps.This opens up new opportunities for Ukrainians, such as managing finances, simplifying accountants' work, and providing convenience for entrepreneurs who have accounts in different banks. However, these opportunities will not appear immediately — banks need to open their APIs for connecting third parties, which may take time.