The
National Bank of Ukraine (NBU) has suspended the work of the Russian Contact
payment system in Ukraine by canceling the registration of agreements with its
participants
The NBU
went on such a step due to the decision of the Central Bank of the Russian
Federation to revoke the banking license of the Russian Slavic Bank, which was
a party to Contact deals registered with the NBU.
It is also reported that the NBU received documents from the Rapida payment
system, which intends to become a payment organization of Contact. However, the
documents did not meet the requirements of Ukrainian legislation, therefore the
regulator informed the company on October 23.
The Ukrainian legislation does not provide for registration of settlement
centers. The NBU maintains a register of payment systems that can carry out
activities in Ukraine only after registration by entering information in the
register after the registration of the contract.
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