To involve everyone with cards containing money: an important innovation awaits Ukrainians starting from August 1.
11.06.2025
4568
Journalist
Shostal Oleksandr
11.06.2025
4568
Starting August 1, a new open banking system will be launched in Ukraine, making life easier for holders of multiple bank cards. They will now be able to combine them into a single payment system, greatly simplifying the payment process.
Imagine having one card, but being able to pay from different accounts opened in various banks. This is a whole new level of convenience for usersWhen purchasing goods or services, clients will be able to use any of their cards, even if one of them does not have enough funds for payment. The system will automatically process the payment, withdrawing the necessary amount from different cards simultaneously.
Advantages of open banking for Ukrainians
- Greater selection of banking services. - Ability to use cards from any bank for transactions in other financial institutions. - Elimination of the need for constant fund transfers between own cards. - Increased competition among banks and improved service quality. The implementation of open banking will bring significant benefits to Ukrainian clients, providing them with more convenient and accessible financial operations.Read also
- Ukraine’s Government to Inject Another 10 Billion UAH into Business Aid: Who Qualifies for Funding
- Russian Fuel Depots Flood Courts with Lawsuits Over Destroyed Oil After Ukrainian Strikes
- Russia Is Losing the Economic War: Budget Deficit Hits $83.5 Billion in Five Months
- Diesel Prices in Ukraine Set to Drop by 6–7 Hryvnias: Expert Reveals Timeline
- Despite War, Nearly 940 New Businesses Emerge in Mykolaiv Region, Says Governor Vitalii Kim
- New Lifecell Plans Launch: What You'll Pay for Mobile Service Now

